IFA Promotions (IFAP) has angered mortgage brokers by claiming IFAs are the only intermediaries that can offer truly independent whole of market financial advice.
The claim is made as part of a research report released by IFAP this morning focusing on the fact that the majority of potential first time buyers are unaware of the financial realities of buying their first home. Seven out of ten (71%) potential first time buyers say they are either completely unaware of the other financial products they need to consider to accompany a mortgage or would at least need advice. IFAP also says in practice, 78% of borrowers take out one or more insurance or investment product alongside their mortgage. It adds that while independent mortgage advisers may off...
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