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The Royal Commission report and what it means for you

As you may have heard, over the past 12 months there has been a Royal Commission into Misconduct into Banking, Superannuation and Financial Services. On Monday 4 February, the Government released the Final Report which contained recommendations around mortgage brokers which you may have read about. The Government also announced their response to the Final Report. You may have heard about the recommendation that customers could pay a “fee for service” for Hobart Home Loans' services to you as your mortgage broker. The current service we provide you, our valued clients, has not changed. Our services as a mortgage broker to you, continues to be at no charge. Geoff Colls is a licensed professional, and under the law discloses to you all fees and commissions Hobart Home Loans earns in conjunction with the work we do on your behalf. Customers are the cornerstone of our business and to put it simply, without you, we don’t exist. We wanted to let you know there is currently no fee to use Hobart Home Loans as your mortgage broker. If you would like to know more about the Royal Commission Final Report, or if you wish to review your finance needs please don’t hesitate to contact Geoff today.