Deposits up to 15%!

Sagar_Fuzz

Peelerfart wrote: »

Sounds to me from what I've read SagarFuzz that, if I'm being polite, your broker may not be one of the best.

Yeah, I agree - I've found myself another one!

koexelek

Sagar_Fuzz wrote: »

"Whole of market" means - all deals that are available through brokers. Some banks etc do not offer through brokers, such as HSBC, Natwest etc. Ask your broker what banks and building societies he CAN'T offer, and read Martin's guide.

Spot on. A whole of market broker would happily place a mortgage with any lender. Unfortunately though, some lenders will not accept business from us.

I tell a client the best deal I can offer, but will point out that there are some lenders who might have a better deal if you deal with them direct.

koexelek

minimike2 wrote: »

I always advise when I do my IDD that I am "Whole of Market" but also that I cannot deal with lenders such as HSBC, Egg, First Direct etc. Most people arent bothered, but I do occasionally lose business, but I have often won referrals off the back of the ones who end up going to HSBC....honesty is the best policy!

It cetainly is.

One of the best feelings you can get as a broker is the client who says, " you were right, Lender XYZ do have the best deal, but I can't get an appointment for a fortnight..... what's the best YOU can offer ":D

Sagar_Fuzz

koexelek wrote: »

It cetainly is.

One of the best feelings you can get as a broker is the client who says, " you were right, Lender XYZ do have the best deal, but I can't get an appointment for a fortnight..... what's the best YOU can offer ":D

My first broker was really nice, but not very good. I felt bad moving on, but if I can't trust him to find the best deal, I have to look after myself and get a new one. He seemed to miss a whole load of deals the new one can find.

Is moneysaving ethical!?