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Have we got yet another consultant poking their head out of the ether to espouse critique on an industry which they have a fundamental lack of understanding? Mortgages are credit products, provided after an in-depth (and often client invasive) process in order to ensure that the short, medium and long term needs are met. They are provided under an authorisation and/or licence, under legislation and regulation which deem there to be a 'no-advice' process.
Contrary to financial advice, almost all mortgage products are 'bought' rather than 'sold'. Ask any financial planner when the last time they were swamped with requests to have life insurance purchased.
Rice Warner, I ask you, who is paying your bills?