07/02/2019
Under the Royal Commissions report into Misconduct in the Banking, Superannuation and Financial Services Industry it has been recommended that upfront and trail fees currently paid by the Bank to the broker be stopped and the upfront fee be paid by the customer to the broker whilst the banks further profit. Help support the mortgage broker channel by logging onto www.brokerbehindyou.com.au and sign the petition.
Potential reforms are currently being discussed, which, if enacted, could make the mortgage broker channel unsustainable – potentially forcing customers back to the big banks and cutting their access to smaller lenders and credit. Support your broker now.