Subsequent the FCA’s implementation of Shopper Duty and simply after examination of purchaser bills in simply the property finance loan chain, Halifax Intermediaries has launched a protection that outlines the optimum brokers can cost for furnishing its merchandise.
According to Halifax, they strike the correct concord beneath the Reasonable Value Evaluation.
From Saturday 1 June, Lloyds Banking Team will established the pursuing caps on the quantity clients may be charged by brokers for his or her dwelling finance loan software program services:
A cap of 1% of private loan sum or £1,500, whichever is the bigger
For instance:
Personal loan £100k Max worth of £1,500
Mortgage £200k Max cost of £2,000
