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IFA sues over buy-to-let loans

A former IFA with the Chancery Asset Management Group, Chris Herbert, is suing broker Chancery Mortgages and lender Capital Home Loans for &#39lost&#39 fees.

Herbert says Capital told him a loan on five buy to let properties would be considered using normal underwriting criteria, despite tenants being reformed drug addicts and alcoholics.

Three months later they refused the application and Herbert is now trying to recover his 0.5 per cent introducers&#39 fee and one per cent client fee, totalling £4,830.

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