L&C Customers Save £5.9m in Broker Fees

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L&C Mortgages, the UK's largest mortgage broker has calculated that its commitment to no fee, whole of market broking saved its customers at least £5.9m in broker fees in 2008.

The mortgage market has changed out of all recognition in the last 18 months and borrowers are ever more keen to seek quality advice without incurring a heavy cost for that advice. Mortgage arrangement fees have soared in recent years and with some broker fees amounting to as much as 1% of the mortgage amount on top, borrowers cannot ignore their impact.

"Fee-free, whole of market advice coupled with quality service from application to completion has been central to borrowers choosing L&C. With mortgage availability restricted the last thing our borrowers want to face is another fee. That's why we are maintaining our commitment to fee-free mortgage advice, commented David Hollingworth at L&C.

Borrowers seeking fee-free advice should call 0800 373300.

Notes to Editors
Saving in broker fee calculated based on a fee of £250 per mortgage.

London & Country Mortgages Ltd is the country's leading whole of market no-fee mortgage broker and submitted in excess of £4bn of mortgages to over 70 lenders in 2008.

L&C has won numerous awards including:

Best Mortgage IFA/Adviser of the Year - Money Marketing, 2004, 2005, 2006 and 2008
Best Technology Adviser - Money Marketing 2007
Best Mortgage Broker outside London - Mortgage Strategy, 2004 and 2005
Best National Broker - Mortgage Introducer 2005, 2006 and 2007
Best Overall Broker - Mortgage Introducer 2005
Overall broker of the year - Pink Home Loans, 2006 and 2007,2008
Top 100 company in the Sunday Times Fast Track 100 for 2004 and 2005
Business of the Year - The Bath Business Awards 2005

Growth Strategy of the Year - National Business Awards (Wales and West) 2008
Business Leader (Broker) - British Mortgage Awards - 2008
Online Mortgage IFA of the Year - Financial Adviser - 2008

Press Contacts:

Richard Morea, Technical Manager            
Office: 01225 341312                        
Mobile: 07970 885168

David Hollingworth, Head of Communications
Office: 01225 341211                    
Mobile: 07710 634044



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