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  • Mortgages & Finance

    Reduce TMW mortgage costs

    Most people consider their financial products in isolation of eachother.
    They very rarely come at things from a holistic perspective.
    Clearly your approach is very pragmatic.
    Most people can only consider one thing at a time.
    In an ideal world everyone would have their own IFA managing all their life circumstances!
    Very few do!!
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    (26-09-2014 01:09 AM)paul_barrett Wrote:  In an ideal world everyone would have their own IFA managing all their life circumstances!
    Very few do!!

    Hi Paul

    I totally concur.

    In my experience, the reason people don't, in the main, work with a professional adviser is because they consider the 'broker'/ professional fee to be a cost.

    To be clear on this, certainly from my Firm's perspective, there is only a Fee payable IF we can present an alternative option that actually saves (or makes) our Clients money in the first place. Most decent Advisers don't charge just to Fact Find and carry out research. The Fee is payable when a (profitable / viable) solution is presented that helps the borrower and ultimately provides financial benefit. Similarly, if the Fee wipes out the benefit then there's no point in proceeding with the proposal either.

    Bottom line, the Fee is not a cost but an INVESTMENT and as long as people hold on to the previously held (mis)conceptions that a Fee is a cost, then (unfortunately) I may be the last one left on HMS Pragmatism!
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    Just used this facility again saving £45 pcm on one of my mortgages ie £1080 over two years with no fees to pay.
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