Capital Fortune support FSA mortgages work and
calls on brokers to do what’s right !
Capital Fortune has welcomed the recent announcement by the FSA regarding dual pricing and claims that direct competition from lenders for customers, will increase not decrease the role for brokers.
At a meeting on Friday, Capital Fortune criticised brokers and networks who feared the move towards greater competition in the marketplace.
Rob Killeen, Business Manager stated that “The more choice for consumers, the healthier the industry. Our role as brokers is to get the best deal for customers. If lenders are offering this direct and the product is both suitable and affordable, there should be no room for debate, that’s exactly what we should be offering.”
The Financial Services Authority has recently received a backlash from brokers for insisting they should advise customers if better options may be available direct from the lender. The FSA has also launched information on its website showing consumers where to find the best deals.
“As a Company, we are at a loss as to what else the FSA should be advising. We’re not convinced the British Medical Association would be telling doctors to go for the next best option for a patient, or for the Bar Council to advise Barristers to settle cases if they should go to trial. It’s about treating customers fairly. If we wish to call ourselves professional, we need to start acting professionally and do what’s right for clients” Killeen stated.
For more information on Capital Fortune Independent Mortgage Advisers contact us at www.capitalfortune.com or call us on 0845 3 630 430
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