No-fee mortgage application service launched:SBP

Mortgage Broker may wish to take note.
As traditional mortgage brokers move towards a fee based service, financial comparison website has launched a no-fee service. The company has recruited a team to deal with its mortgage business. To coincide with the launch of the mortgage service, is offering free home insurance to new mortgage customers, subject to certain terms and conditions.

I saw that in the press myself! Actually i’m thinking of doing a whole of market online only brokerage, if NIB is the best deal point people there, if you have one you can broker then you have a choice of flat fee with commission give back or no fee. i think its time to give joe punter what he wants, and clearly the ‘service at a cost’ proposition doesn’t seem to be it… whatchathink?