Brilliant Solutions removes packaging fees

Ryan Bembridge

July 19, 2017

Brilliant Solutions has removed packaging fees across its entire range in response to conversion rates going up and more lenders paying appropriate fees.

The packager said brokers previously found it hard to explain to clients why they are being charged more.

Matthew Arena (pictured), managing director at Brilliant Solutions, said: “We’ve decided the right thing to do is go fee-free across the board.

“We think the market has turned in terms of the conversion rates – we know there is more competition from lenders in the packaging community so we have seen an increase in lender fees.

“However some lenders still do not pay a reasonable fee for packaging and the market tells you that’s the case because most packagers are charging fees.”

The change was made after a trial period will a small number of lenders.

Arena added: “We are pleased to be one of the first to make this leap.”

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