Who will pay for the cut in brokers’ commission?

After the decision by lenders to cut brokers’ commission rates, consumers will have to fend for themselves in the mortgage market, writes Dick O’Brien.

10th May, 2008

After the decision by lenders to cut brokers’ commission rates, consumers will have to fend for themselves in the mortgage market, writes Dick O’Brien.

The decision by lenders to slash the rates of commission they pay to mortgage brokers is likely to have a significant impact on the sector and may, in some cases, lead brokers to begin charging consumers for their services.

Many mortgage brokers are now looking around to see...

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