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Brokers need to ensure ‘balanced conversations and disclosures’ on all options ‒ Star Letter 04/01/2024

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  • 05/01/2024
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Brokers need to ensure ‘balanced conversations and disclosures’ on all options ‒ Star Letter 04/01/2024
Each week Mortgage Solutions and its sister title, Specialist Lending Solutions, pick the top comments from our readers.

This week’s first comment is in response to: Later life lending advice needs to be ‘holistic’, senior broker says

Wayne Dewsbury said: “Completely agree with this. We took a similar stance around 18 months ago. The key question for advisers who specialise in specific sectors of the market is, how can you “ensure balanced conversations and disclosures of the availability of alternative options”, which is what the Financial Conduct Authority (FCA0 review states?

“If your authorisation does not cover all potential options, then perhaps it may be time to find a referral partner who you can work with to ensure this is achieved.”

 

The comments here are from our readers and do not necessarily reflect the views of Mortgage Solutions and Specialist Lending Solutions.

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