Mr Meade issued the warning yesterday after revealing he had forced two mortgage brokers to pay out a total of €55,000 for failing to be open about their conflicts of interest.

He also referred the cases to the Financial Regulator and said he would publicise every case he deals with where brokers fail to disclose they are financially involved in a property they arrange funding for.

Mr Meade said he had so far awarded a total of €116,000 against five mortgage brokers for failing to be up-front about their interests in deals they were advising consumers on.

He said brokers found to have a conflict of interest tended to have a business card with their details as a mortgage brokers on one side and their details as an estate agent on the other side.

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