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Brokers News

Brokers News

84% of brokers will offer second charge advice

brokers

Following the introduction of MCD, 84% of brokers plan to include second charge loans in their advice process.

According to the research from Legal & General Mortgage Club, 32% of respondents plan to write second charge mortgages themselves, whilst over half (52%) would refer the cases to a Master Broker.

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Brokers News

Complete FS axes master broker fees

broker

Complete FS is axing master broker fees and moving to a flat application fee structure.

The packager is now charging an upfront fee of £199, along with lenders’ valuation fees and disbursements.

Complete FS director Tony Salentino says high master broker fees are one of the main reasons why advisers are reluctant to adopt second charge loans over the remortgage alternative.

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Brokers News

How to engage your first broker

broker

You can’t start investing if you don’t have a brokerage account. Selecting your ideal broker is often very different than it would be for experienced investors. Choosing a broker requires a lot of careful contemplation because not all brokers are right for all investors.

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