Estate Agents offering Mortgage Advice ?

A very interesting article in the Telegraph.

In my opinion offering referral fees for Mortgage Advice with an Estate Agent isnt necessarily a bad thing if honesty prevails. Like any other industry where humans are involved there is always the chance of a Conflict of Interest when it suits.

If the client is put first in every respect there is NO Conflict and everyone is happy.

What amazes me is that many Estate Agents are asking for a £500 upront fee to just get an Approval in principle from the lender. That is certailny not putting the client first!

http://www.telegraph.co.uk/personal-banking/mortgages/estate-agents-force-buyers-use-in-house-brokers-face-investigation/Click here to read the full article