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Mortgage Choice to offer low application fees

The company has reviewed the application fees of comparable national distributors and lenders and will pitch its own fees at a level which will place Mortgage Choice as the lowest-cost option among similar products shown on the Trigold mortgage sourcing system.

Doug Hall, sales director, says: “Under statutory regulation, the FSA&#39s requirements commit firms to recommending the cheapest available product for a client, unless other factors such as speed and quality of service are more important in a particular case.

“This means that most mortgage intermediaries will be looking for the lowest cost option among similar products on sourcing systems. As a packager that has always kept its administration charges amongst the lowest in our sector, Mortgage Choice is taking the opportunity to offer the best possible value to intermediaries and borrowers, in the period leading up to M Day.”

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