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Mystery Shopper: Reading.

Publication: Financial Adviser
Publication Date: 08-OCT-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Mystery Shopper: Reading.(Fox Payne Associates Ltd.)(Options Independent Mortgage Advisers)(Paragon Financial Services)

Article Excerpt
Byline: Lindsey White

This week the shopper is in Reading as a first-time buyer. She has a 20 per cent deposit and would like to know about the mortgage options available.

IFA (Independent), Fox Payne Associates Ltd, 10, Bridge St, Caversham, Reading, Berkshire RG4 8AA

Speed of response: Time of call: 11.44am. The call was answered after one ring by a receptionist. She put the shopper on hold briefly and then an adviser took the call. 5/5

Telephone manner: The adviser introduced himself several times and explained what he does. He was patient and continually asked the shopper "is that ok?" after every suggestion. 5/5

Relevant qualifications: He said Fox Payne is part of the Openwork network, which means advisers are multi-tied when giving most types of advice. Mortgage advice, however, is whole of market. The adviser explained that he has a financial planning certificate and qualifications in mortgage advice. 2/5

Payment method: An initial consultation would be free. After this the shopper would have a choice of commission or fee-based payments on completion of the...

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