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Do IFAs get "better" deals?
Comments
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They can only get deals from companies that deal with brokers. I guess companies not paying middlemen can afford to do better deals.
Brokers come into their own when it's not a straight forward application. Poor credit history, unusual circumstances etc.
Broker commission has no impact on the rate offered or the pricing of lending products. Commission is paid as much of the work and indemnity for the product and application is taken from the lender and carried out by the broker. If they don't pay the broker commission then they have to pay their own staff and resources to do it anyway. No financial gain or loss eother way.0
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