The banking royal commission has recommended that the trail commissions paid to mortgage brokers be abolished in the future. iShare Cashback Mortgage Brokers already rebate these commissions to their clients as part of their Cashback Model, unlike the majority of brokers who keep these commissions. By iShare rebating these commissions to their clients allows them to pay down their mortgages sooner.
We understand that those trail commissions already in the system will be honoured and will continue to be paid. So its business as usual for iShare Cashback Mortgage Brokers who will continue to return these to their clients until the legislation is changed to reflect otherwise.
So if you are looking at purchasing that dream home or refinancing your existing loan this may be the perfect time for you to talk to us.