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Australian brokers would be welcome as UK advisers are ‘getting long in the tooth’ – Star Letter 08/02/2018

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  • 08/02/2019
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Australian brokers would be welcome as UK advisers are ‘getting long in the tooth’ – Star Letter 08/02/2018
Each week Mortgage Solutions and its sister title Specialist Lending Solutions select the most thoughtful or thought-provoking comment for Star Letter.

 

This week has been rich for top contributions.

The first one is from Paul McGonigle for his response to the article: Fleet Mortgages in ‘highly-progressed’ talks on new funding line.

He said: “Knowing the lender and key personnel there too, I am delighted that they have been transparent in their approach here, and I look forward to their imminent relaunch into the market.”

 

Another contribution comes from Dougie for his response to the article: Mortgage broker commission fee ban proposed in Australia.

He said there may be a new injection of young Australian brokers moving to work in the UK market rather than work for nothing or very little in their home country.

He added: “We could do with many more new English speaking mortgage brokers as the current batch of 55-65 year old advisers currently working over here are getting long in the tooth from what I see at mortgage events.”

 

Finally we have Tony Silver for his response to the article: TSLE2019: ‘Absolute no-brainer’ to cap second charge broker fees.

He said: “Master brokers are not shy in charging a fee which they then split with brokers – so be careful with what you wish for.

“Only residential seconds and consumer buy-to-let (CBTL) seconds are regulated and no seconds are particularly straightforward at the moment.

“As brokers, we are free to use whichever master broker we like and add what we believe is fair according to the size and complexity of the work, which is at the more specialist end of the spectrum.

“I say leave well alone.”

 

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