Mortgage broker vs inhouse??

koexelek

nw_man wrote: »

Desperate times my friend.......

I know.

Mate of mind works for a large corporate estate agent.
He told me ( in confidence) that they are taking the view now that if someone wants to buy one of their repo's, they have to do the mortgage with thel, or they can forget it :eek:

Totaaly illeigal, but difficult to prove otherwise, as they can say your bid was unsuccessful for some other reason.:rolleyes:

In the past, I have had to tell some of my clients to take inferior mortgage deals with an estate agent to those I could offer personally, as I knew that they would lose the home they had their heart set on if they did not.
Mind you, I have also told them to bad mouth the agent in question to all their friends and family afterwards;)

nw_man

Perhaps we better not start a debate about estate agents and moral standards on here

Peelerfart

nw_man wrote: »

Perhaps we better not start a debate about estate agents and moral standards on here

Now that sounds a very good idea -:)

cathymw

Well guys I'm not sure what Halifax's motives were but their mortgage offer was legit. Have the key facts, have it agreed in principle... 3.99% fixed for 5 years. I am sure that there is a whole moral/legal debate here but all I know is that I have a better mortgage and my survey went through fine today, so I can't really complain!!

Kavanne

i would say your broker has found that offer for you because they believe it is one you can GET. When I got my mortgage I was paying 6% when the lowest available rates for my situation were about 5% but my broker knew I'd get declined for those so went for something I was actually eligible for!

payless

out of interest which estate agency is handling the sale

unite79

and what LTV, not that I have reservations that you may be telling a porkie!

cathymw

85% mortgage with Halifax.... it's legit. Got the mortgage offer in the post yesterday, just waiting to complete!

unite79

No wonder Halifax needed state aid.