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SOURCE Ideas
3 VOTE
Status Shipped
Created by Guest
Created on Feb 25, 2020

Chaps fee to be removed from True Cost.

As per new regulation, 

on page 18 of the FCA bulletin which refers to what needs to be included in True Cost: 
 

 https://www.fca.org.uk/publication/policy/ps20-01.pdf 

Could we remove  the chaps fee from the default setting that does not allow this cost to be unticked. 

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  • Admin
    Jorge Monte
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    Feb 25, 2020

    Thank you for sending this through. We will monitor this idea and should we receive more requests from other client for this implementation we will move it to our roadmap enhancement.

    We have had considerable feed back from our other clients following the Mortgage Review and not had this as a request as a results. As this is a fee included in the True Cost on the ESIS documentation and one that needs to be paid the consensus is to leave this as it is for now.