"whole of market" mortgage brokers

typhoon

my mortgage deal is due to end in September. Have already tried current lender and was shocked by how much it was going to increase (was in a discounted variable deal, not fixed). Does anyone know of a whole of market mortgage broker, preferably fees free? have just been watching Martin Lewis on TV and this is what he advises.

jetboy

my broker uses the Openwork system and he's been very good to date but some of the best deals can't be found on the networks becuase the lenders won't use brokers eg Northern Bank, HSBC etc. I've just saved myself a £400pm increase by shopping around. If there is equity in your house you should be able to find a deal below 6%. I got 5.59, no fees, no lock in.

typhoon

thanks for that Jetboy. Does anyone know if you change lender does the new lender do a valuation etc and loads of paperwork? I was hoping to stay with current lender as it would be less hassle. Oh and current lender are also charging me £789 to move onto another deal which is £100 per month dearer!

36square

A new lender will always have a valuation done even though it usually just means a surveyor driving past your house to make sure it exists. Often the lender will cover this cost but in the present climate possibly fewer will. Not much paperwork is involved for a remortgage.

On your 'whole-of-market' question it depends whether you mean brokers who offer every deal in the market even those which aren't marketed through brokers. I woud say there are not many brokers in NI who offer even all the mortgages available through brokers. And don't forget there are still a lot of lenders who don't operate here.
It would be worth checking with HSBC as they seem to be chasing business.

leskerr

To catch those lenders who do not operate through a broker (e.g. HSBC, Northern Bank), you could visit the FSA's website, where they have a comparison tool:
http://www.fsa.gov.uk/tables/bespoke/Mortgages

regards
Les