We are still in a consultative period. Preliminary advice has been given and pending a formal deliberation of the response to be made to the decision, members whose practice is not to disclose lenders’ commission have been advised to seek their own legal advice as to how they should proceed.

The Association is currently engaged in a consultation process to gauge both members’ and lenders’ views on the subject of commission disclosure. If you wish to make a contribution to the consultation, please put your points in writing to Adam Tyler at the NACFB head office, 17 Gandy Street, Exeter EX4 3LS.