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Far out Friday: Quite possibly the world's worst broker commission, ever

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Australian Broker | 22 Feb 2013, 07:00 AM Agree 0
Take a moment to send positive thoughts to brokers working in Stoke, UK - you'll see why in a minute
  • Ian | 22 Feb 2013, 11:15 AM Agree 0
    You forgot to deduct aggregator fee's from the commision. A flat fee model could turn out to cost you money to write the loan, those "lucky" to be on a percentage split might just stay in the black. I hope they don't have capital gains tax on owner occupied homes in the UK that could be a nasty sting in the tail in five years time.
  • Phil in Finance | 22 Feb 2013, 11:29 AM Agree 0
    You can assume a mortgae loan would not be required for a <$1.50 purchase price but may be needed for the renovations that would cost much more depending on the property condition?
    House property replacement insurance would be the real minefield in this situation. It may encourage "accidental" fires or be simply uninsurable for replacement based on the purchase price?
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