TOPICS THIS WEEK:

(1)LMG Announces Tech Fee Increases

Does it seem fair? but lets be realistic, F&C hosts our website on Amazon Web Services and the fees have increased over 23% in last year alone.  Best to contact your LMG BD Team rather than speculate.

(2)Cashback Offers are back - for existing clients only

Complaints from brokers will grow due to lots of hard work by brokers only to be undone by lenders who should have backed brokers on the first try with repricing. 

(3)REA Group buys 19.9% of Athena

The giant in terms of online property listings. Already owns 2 aggregators (Smartline and Mortgage Choice). Add to that REA branded brokers. And now they have their own product to distribute.

And of course we ask both Rob and Malcolm “what advice he would give to a broker who has just completed their second year in business”