We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Help:Remortgage Info. Is a Broker any benefit.
LULULU1
Posts: 462 Forumite
My mortage runs out with Northem Rock in 2 months. I am looking to set up a 10 year fixed. I have about 505 equity with excelliant credit.
I beleive Skipton are doing the best deal at the moment.
Is there any benefit in me using the broker. Can they provide any better deals or are they not necessary in this scenario.
I beleive Skipton are doing the best deal at the moment.
Is there any benefit in me using the broker. Can they provide any better deals or are they not necessary in this scenario.
0
Comments
-
I would say it's always worth consulting a broker.
Tell tem what you've found and see if they can beat it.
If they can't beat it and are prepared to arrange this one for you and not charge a fee, then you can't lose. They'll earn a fee from the lender and take some of the hassle off you.
If they can beat it then you've benefitted anyway.I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0 -
There will be some exclusives that brokers can get , and others that they cannot get.
But pretty much echo what Ian says above.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Forgot to say that along with a good credit history, the other thing that gets you the best rates currently is a low LTV.
As there are no figures cant see which bracket you fit in, but a broker would be able to help you straight away.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Our property is approx £180k. The mortgage we require is 75k.
Thanks0 -
Well at under 50% LTV you will have the pick of the deals then assuming you meet all the other criteria of the lenders that come up top for you.I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
-
Ian_Griffiths_Halifax wrote: »I would say it's always worth consulting a broker.
Tell tem what you've found and see if they can beat it.
If they can't beat it and are prepared to arrange this one for you and not charge a fee, then you can't lose. They'll earn a fee from the lender and take some of the hassle off you.
If they can beat it then you've benefitted anyway.
Spot on.
I am very happy when a customer tells me the deal they have found up front, as it saves a lot of messing about. they can either go ahead and do it themselves, i can do it for them, or I can try and better it elsewhere
As herbie says, there are deals that are only available through brokers, and deals that not available to brokers at all, so best to try both anglesI am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards