🧐 DID YOU KNOW?
Finance and Mortgage Brokers have a high legal standard to uphold?
📜 WHAT IS B.I.D.?
Best Interests Duty applies to us since January 1, 2021, under the National Consumer Credit Protection Act (NCCP).
👉 AND.. IN ENGLISH?
This duty ensures we prioritise our clients' needs, ensuring we recommend suitable loan products that align with their financial situation and goals (and not ours). We must disclose any conflicts of interest and consider a broad range of factors when recommending lending products, ensuring our advice is unbiased and in clients' best interests, first and foremost.
IN REALITY?
A happy client is better for our business, as they will tend to spread the word which bring more happy clients and increase our business. Rinse and repeat!
Truly Finance's mortgage broker advice, financial services and property strategies are generally complimentary. We do this for the best interests of our clients and we strive to be the best mortgage brokers!
Contact the Truly Finance office to experience true BID in action.
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