Chester, CH14RN
01244 950 311
info@simplyonlineleads.com

New EU ruling means brokers must declare fees

Speak to us today on: 01244 950 311

New EU ruling means brokers must declare fees

network

Under new EU mortgage rules, brokers will be forced to declare details of their commission fees to clients.

Speaking at the Financial Services Expo in London, the FCAs Lynda Blackwell said that brokers who received commission fees would have to give clients details of what payments they are likely to receive if asked.

Brokers are not required to offer the details to the customer unless asked, however if a request is made, this information must be freely available to give to the client.

Read the full article at Mortgage Solutions

Leave a Reply

Your email address will not be published. Required fields are marked *