Mortgage brokers launch campaign to fight royal commission proposals
The first advertising campaign following the Banking Royal Commission’s final report has been launched by the Mortgage & Finance Association of Australia.
Backed by major broking companies including Aussie, Mortgage Choice and Pepper Money, the ‘Your Broker Behind You Campaign’ points out the Royal Commission’s recommendations to abolish certain types of payments to brokers will hurt consumers and benefit the big four banks.
Sorry mumbrella, but the Your Broker Behind You campaign is just an extension of what has been been running since mid-2018
“Your Broker Behind You … (with their hand in your hip pocket)?”.
The deserve what they get paid, crappy hours, lots of legislation, plenty of hours working for no pay if a loan doesnt go ahead.
Isn’t that part of the problem raised? “If the loan doesn’t settle I don’t get paid,” ergo “I’ll tempted to turn a $100 into a $200” and “I’m sure they need an extra $50k at some point soon.”
Fixed one off upfront free regardless of loan size to renumerate work done is a much better idea.
If commissions are no good for financial planners, you can’t argue the opposite for mortgage brokers.
Don’t Financial planners charge the client, and get commissions and training commissions ?