Santander cuts adviser fees for longer-term mortgages

Mortgage lender Santander extends quality fee assessment

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Santander is updating its quality-based fee structure, including extending the assessment to loan terms of five years or more, resulting in lower adviser fees.

Santander was the first lender to introduce quality-based fees in summer 2012 for appointed representatives, but excluded mortgages with longer loan terms with all advisers and paid a flat rate of ...

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