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Mortgage broker fee sharing?
Comments
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Mates rates are a different topic entirely.
Another can of worms!I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I will say you guys work very hard - the number of exams he has to keep doing is mind boggling for someone who has worked 25yrs in the job but he understands how things keep changing with the times etc.
As an IFA he's great - I had no idea you could even take a stakeholder pension for a newborn baby. He told me the minimum you could do was £20 a month which with tax relief becomes £25 a month. We got her a stocks and shares JISA as well (this was an absolute nightmare for what we wanted I would caution - legal hurdles).
I think for children today financial education is just so incredible important and Martin Lewis has been great at trumpeting the cause here.
On this board you read so much about the lack of repayment vehicles on interest only mortgages that we simply cannot let this happen to future generations. It will be interesting to see what happens when the current endowment issues approach in 2017 onwards.
Shop around OP - you may find what you require but listen to everyone's advice on here as well and remember at the end of the day its your own money you are working with so it's vitally important you make the right decisions.0 -
Haha - he's my brother-in-law and works for a very well known Financial Services company in the City.
The size of the mortgages he does means he can earn a good commission out of them and has scope to refund. Its a different scenario in many parts of the UK when the typical lending is around £50k-£100k and the commission is £250-£500.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
That may very well explain it!
There has to be something that goes our way for having to fork out extravagant mortgages...0
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