Doing your own paperwork

b0rker

Hi,

I fancy rearranging my own mortgage. There are so few options available to us that I have no real need for advice from an advisor. The only thing I could really need an advisor for is to do the paper work. I spoke to a guy who I had used before when he was fees free but he now wants to charge £200 up front with £100 rebated once the mortgage is completed. I am not happy to pay for what I can get for free elsewhere.

we are sure that we can get an 85% at 5.99% with Natwest as if we cannot make the LTV with our current equity we can find the money to get it.

So how hard is it to do your own paperwork?

Thanks in advance

yelf

what paperwork? fill in an app and copy some papers - thats it

b0rker

yelf wrote: »

what paperwork? fill in an app and copy some papers - thats it

Seriously.

So you have done arranged your own mortgage before yes?

Did you find it reasonable easy?

I am guessing from your response above that the answer is yes.

dwsjarcmcd

I agree with yelf. Fill in the application form. You will be asked to provide pasyslips etc but that happens irrespective of whether you use a broker or not.

yelf

b0rker wrote: »

Seriously.

So you have done arranged your own mortgage before yes?

Did you find it reasonable easy?

I am guessing from your response above that the answer is yes.

yeah - there's not much to it. If you're gonna go through Natwest though they will do all that for you

herbiesjp

If you know what you want then go for it

A broker would deal with any further requests/questions from the lender, provide indemnified advice, and some will still do it on a free basis

However if it is straightforward then go for it, as long as you are sure it is the best deal for you

Chinkle

A broker is good if you have complicated circumstances, need a high LTV or don't know what type of mortgage suits you best.

If you know who you want as your provider and what product, go directly. It's nothing more complicated than filling in the form and providing your earnings evidence.