2 Questions: Early Payoff or not, Broker or not?

rlfan82

Been to see a FA in estate agent (just to see what the score was), who lightly dropped in the conversation that she charges £250. Now as far as I can tell on here, if were capable of filling in a form, and fairly confident of getting the mortgage, we shouldnt be paying for the broker right? The mortgage she looked at seemed OK, but sure I would've found it myself if I'd looked.

So 1) Broker, 2) IFA with no charge 3) Do it myself

Second, early payoff of current fixed mortgage(102k) will cost £3,100, but FA is sure we would save by switching all (133) to a new product, about 1.4% less. I'm guessing its worth it but anyone had any experience?

Thanks

VIGILANT22

Quote: we shouldnt be paying for the broker right!!!

May I ask, do you work for free?

rlfan82

VIGILANT22 wrote: »

Quote: we shouldnt be paying for the broker right!!!

May I ask, do you work for free?

No, but if one IFA is happy with commission only, why is another not? Are they doing different jobs?


I paid a broker £450 when we really needed to. I'm just asking if a straight forward application needs a £250 surcharge