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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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