Brendan Burgess
Founder
- Messages
- 52,119
In my view, a lender or a tied agent of that lender, should never be allowed to call themselves advisors. They are selling products.
A broker should not be allowed to use the word "independent" if they get paid commission by some lenders and not by others. They are not independent.
A broker should only be allowed use the term "independent" if they charge the client a fee. If they get paid commission, they should not be allowed to use the word "independent"
Brokers should have to prominently display on their website and their communications which lenders they represent.
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