How realistic am I as a FTB?

miaxmia

Hi, If you mean mortgage broker, as far as I understand it, you won't pay any fees, the mortgage lender pays the broker for giving them the business. Some mortgages come with an "arrangement fee" - usually the ones that look to be a good deal, but that won't be different whoever you arrange the mortgage through.

herbiesjp

miaxmia wrote:

Hi, If you mean mortgage broker, as far as I understand it, you won't pay any fees, the mortgage lender pays the broker for giving them the business. Some mortgages come with an "arrangement fee" - usually the ones that look to be a good deal, but that won't be different whoever you arrange the mortgage through.

Some advisers/brokers do indeed charge an extra fee on top of the fee paid by the lender

nadnad

herbiesjp wrote:

Some advisers/brokers do indeed charge an extra fee on top of the fee paid by the lender

this is something i keep coming across on these forums. Its very strange because I'm from Northern Ireland and I have never heard of a mortgage advisor/broker charging a fee for their advice - I would be very annoyed if they did. Is this common in England then?

zag2me

Just go to the normal high street banks, you will easily get a mortgage @ 4x your salary with that deposit. I get so tired of mortgage advisors touting for business on these boards.

You are in a great position to get a mortgage, Try any of the big providers such as Nationwide or HSBC who can lend based on affordability.

dodgy_damo

Thanks zag2me! I think I will explore my options with the banks, and may try a couple of fees free brokers to cover all my bases:T