In response, a spokesperson for Lloyds Banking Group said: “As part of our consumer duty commitments, we have analysed customer fees within the mortgage chain and introduced a policy that outlines the maximum brokers can charge for providing our products.
“We believe they strike the correct balance under the fair value assessment.”
Article continues after advert
tom.dunstan@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com
Page 2 of 2