Westpac is considering removing trail commissions for mortgage advisers while increasing upfront commissions.
Advisers argue that cutting trail commissions undermines ongoing client support and could make the industry transactional.
Many advisers emphasize that trail income enables them to provide long-term advice and service without charging clients extra fees.
Andrews’ business has clients that have been receiving advice from the company for 10 years.
Advisers will still aim to provide the ongoing support without charging clients a fee.
We’re trying to build businesses that support our client long term in line with regulations, which includes ongoing advice.
The whole point in lenders paying trail is to enable advisers to encourage ongoing advice to clients rather than just originating the loan.
Key Mortgages shares details with Good Returns how expanded low-deposit lending options may help eligible first home buyers enter the market sooner and with better pricing
As featured in Stuff, buying property with friends or family can improve affordability, but clear agreements and proper structure are essential.
Banks and Mortgages advisers discuss with New Zealand Herald, why home loan approvals may take longer as lenders apply more detailed affordability checks and tighter financial assessments.
In our recent discussion with Radio New Zealand, we shared that age alone doesn't prevent home loan approval, but lenders carefully assess retirement income and long-term repayment plans.
Key Mortgages has been committed to supporting clients for nearly a decade, offering ongoing advice and tailored solutions without extra fees, even as industry changes occur.
Jeremy from Key Mortgages shares experiences of fixing in high rates long term and using break fee benefit calculator. One couple’s complaint over costly break fees after fixing five-year mortgage at 6.29%–6.66% rejected.
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