FOS reports seven broker disputes in 2016/17

October 18, 2017

The Financial Ombudsman Service (FOS) has released new figures revealing the low number of broker disputes compared to the banks. The FOS Annual Review 2016-17reported 25,300 accepted disputes overall during the year. Of these, 10,400 involved the banks while only seven involved mortgage brokers.  These seven disputes included two around advice, two around charges, one around […]


Spending plunge may dent economic growth

October 11, 2017

The sharpest fall in retail spending in more than four years has cast doubt on the Reserve Bank’s economic growth forecasts and adds weight to expectations for a long run of unchanged interest rates. Retail turnover plunged 0.6 per cent to $25.9 billion in August, missing market expectations of a rise from July of 0.3 per […]


How much does it cost to use a Mortgage Broker?

August 23, 2017

How much does it cost to use a Mortgage Broker? 99% of the time it costs you nothing to use a Mortgage Broker. That right! Nada, zilch, nyet, donut, nothing! You get exactly the same loan as if you went directly to the lender. The lender pays the Broker a commission to process the loan. […]

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