Friday August 7, 2020

Brokers braced for big drop in bank commissions

Irish mortgage brokers became the latest casualties of the global credit crunch in recent days when two of the country’s biggest mortgage lenders signalled they would cut the commissions paid in return for passing on new home-loan business.

8th December, 2007

Irish mortgage brokers became the latest casualties of the global credit crunch in recent days when two of the country’s biggest mortgage lenders signalled they would cut the commissions paid in return for passing on new home-loan business.

Ulster Bank, which also owns First Active, will cut broker commissions from 1 per cent of the value of a new mortgage to 0.5 per cent, which will result in the fee payable for a...

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