Looks like an IFA will be helping change my mortgage. If the deal is concluded the IFA will charge me £500. Does the IFA also get a cut from the mortgage company and is he under any obligation to tell me this?


Thanks, David

 

many years ago the IFA I dealt with was given a payment from the mortgage company we didnt have to pay a penny to him.

 

Details of that should be included in the Key Facts document he gives you, I would have thought.

(If he doesn't give you a Key Facts, he's bent and you should run a mile and report him to the FSA immediately)

 

Thanks guys, David

 

His commission will also be on the mortgage documents.

 

Thanks but I want to find out before the mortgage is agreed. I want to know whether his cut will depend on which company he recommends, David