L&C customers save 5.9m in broker fees

Top Quote L&C Mortgages, the UK's largest mortgage broker has calculated that its commitment to no fee, whole of market broking saved its customers at least 5.9m in broker fees in 2008. End Quote
  • (1888PressRelease) February 18, 2009 - The mortgage market has changed out of all recognition in the last 18 months and borrowers are ever more keen to seek quality advice without incurring a heavy cost for that advice. Mortgage arrangement fees have soared in recent years and with some broker fees amounting to as much as 1% of the mortgage amount on top, borrowers cannot ignore their impact.

    "Fee-free, whole of market advice coupled with quality service from application to completion has been central to borrowers choosing L&C. With mortgage availability restricted the last thing our borrowers want to face is another fee. That's why we are maintaining our commitment to fee-free mortgage advice", commented David Hollingworth at L&C.

    Borrowers seeking fee-free advice should call 0800 373300.

    Saving in broker fee calculated based on a fee of 250 per mortgage.

    London & Country Mortgages Ltd is the country's leading whole of market no-fee mortgage broker and submitted in excess of 4bn of mortgages to over 70 lenders in 2008.

    L&C has won numerous awards including:

    Best Mortgage IFA/Adviser of the Year Money Marketing, 2004, 2005, 2006 and 2008
    Best Technology Adviser Money Marketing 2007
    Best Mortgage Broker outside London Mortgage Strategy, 2004 and 2005
    Best National Broker Mortgage Introducer 2005, 2006 and 2007
    Best Overall Broker Mortgage Introducer 2005
    Overall broker of the year Pink Home Loans, 2006 and 2007,2008
    Top 100 company in the Sunday Times Fast Track 100 for 2004 and 2005
    Business of the Year The Bath Business Awards 2005

    Growth Strategy of the Year National Business Awards (Wales and West) 2008
    Business Leader (Broker) British Mortgage Awards - 2008
    Online Mortgage IFA of the Year Financial Adviser - 2008

    Press Contacts:

    Richard Morea, Technical Manager
    Office: 01225 341312
    Mobile: 07970 885168

    David Hollingworth, Head of Communications
    Office: 01225 341211
    Mobile: 07710 634044

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