looking for a bit of advice on Independent Mortgage Brokers.
I'm looking for a bit of advice on Independent Mortgage Brokers.
Apparently their commission varies depending on the mortgage finance
company they deal with.
When I took out my first mortgage about 10 yrs ago with an independent
financial adviser, the advice I got was somewhat less than impartial
Are they truly INDEPENDENT?
That means do they offer advice and provide products from the whole of
market? And do they offer their clients the ability to choose between
the adviser receiving a commission OR paying a fee and the adviser
receiving NO commission or paying it back to you.
The site you quote does not comply with the advertising requirements of
the Financial Services Act in so far as they do state their
Authorisation (as far as I can see)
They also claim to be 'independent' but part of their site implies that
they are part of, or a representative of, 'Openwork Ltd' whose site
clearly states, by implication, that they are NOT Independent with the
words "We are a stand-alone, multi-tied, directly authorised
distribution network" and only "offers insurance and investment advice
on products from a limited number of product providers and advice on
mortgages representative of the whole market.".
Therefore, they are clearly not Independent