Unless PTs are fairly rewarded, brokers say growth of advice market is at risk

an image of a person typing with images of stocks around them to denote a story about Product Transfer proc fee

Unless PTs are fairly rewarded, brokers say growth of advice market is at risk – analysis

Brokers have sounded a warning to lenders that the low procuration fees paid for product transfer business, which has exploded in the last year, will damage the long-term growth of the mortgage advice market.