Mortgage Broker

stevenandselina

My girlfriend and I are now ready to by our first house. We have saved 10% deposit.

Today see has gone down the high street and booked an appointment with Bristow and Eves mortgage advisor. I have told her its not a good idea to use EA mortgage advisors as they might share information on how much we can afford and thus wreck our changes if negotiating a good deal.

Am I talking rubbish or does this happen?

Thanks

Robert_Sterling_3

You make a good point I think.

fineanddandy

stevenandselina wrote: »

My girlfriend and I are now ready to by our first house. We have saved 10% deposit.

Today see has gone down the high street and booked an appointment with Bristow and Eves mortgage advisor. I have told her its not a good idea to use EA mortgage advisors as they might share information on how much we can afford and thus wreck our changes if negotiating a good deal.

Am I talking rubbish or does this happen?

Thanks

I would use an IFA you trust, and use a mortgage comparison website to see what deals are available.

Good luck

Dan_1976

It does and can happen. Not all do it, but when times are hard!

betmunch

It shouldnt happen.
The Estate Agent is Bairstow Eaves and the mortgage consultant is Countrywide.

If you suspect that the mortgage advisor in the office has told the Estate Agent something they shouldnt (like how much you can afford when your trying to get a discount) then report them.

minimike2

They are not whole of market, so watch out.

herbiesjp

It does happen in estate agent based advisers.

If you are not comfortable with that set up then ask friends or family of they can recommend someone to you - make sure they are whole of market as minimike states

koexelek

Some estate agents will make sure your offer is not accepted if you don't use their people :eek:

Highly illeigal, but it happens