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IFAs prefer flex mortgages says Sun Bank

Three quarters of IFAs would choose a flexible mortgage if they were taking out a mortgage tomorrow, with daily interest calculation seen as the top priority, according to a report carried out for Sun Bank.

Eighty-one per cent of IFAs supported a minimum industry standard for flexible mortgages to protect consumers.

Sun Bank marketing director Chris Cummings says: “This study highlights the increasing popularity of flexible mortgages and judging by the number of IFAs who would choose one for themselves , it suggests that this trend is set to continue.”

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