The Government is going to be making some very important decisions regarding regulation and remuneration of Australian mortgage brokers.

The Royal Commission into Misconduct in the Banking & Finance Industry included discussion about the introduction of a fixed-fee payment model for mortgage brokers. This would be paid by home loan customers. It could place the services of brokers beyond the reach of the people who need them most and irreparably damage brokers’ businesses. This could result in home buyers having less choice, eliminating healthy competition in our home loan market and making home loans more expensive.

If #CHOICEMATTERS to you, pledge support for your mortgage broker now