is 'Your Move' advice any good? and whole of market?

Careful_girl

I am saying that her sister was advising her about Your Move which was kind. Just like me advising people of the excellence of my broker. Nothing wrong in that. If the sister went off and applied for the Mortgage off her own bat after seeking the broker's advice well maybe that was unfair for the broker. However she can't have had much respect for or trust in the broker to have done that. I have had some bad experiences with brokers too. Read about it on the Martin's View of Brokers sticky for just one example. The relationship between broker and client must be one of trust and respect for it to work. I am sure ther are many cases where this has happened before and the perils of the job.
Sorry to hijack the thread Sarah. I just don't like the tone of replies like that. We are supposed to be helping you.
Andrew Smith is my broker. Fees Free. Hasn't been round to my house. I can understand you not wanting a stranger in the house. I think he is house trained though. We have just used the post, email and a couple of phone calls. I know he does visits, but nobody is coming round here at the moment-boxes everywhere!!
All the best,
CG:j

MortgageMamma

@ CG

Andy Smith is well beyond being house trained. He has a fancy vacuum cleaner which cost about £2k. Its his pride and joy! Bless him. I keep wishing I could trade mine in for him (husband that is, not vacuum cleaner!)

Careful_girl

I don't think that is part of the service MM. I don't think he is that type of broker. I don't need a vacuum cleaner nor to trade in anything. I think i may have to have a word with him about moneysaving though.
CG.

AndrewSmith

Alas I have recently retired the precious Kirby G4 vacuum cleaner as it has been terribly overused by yours truly.

Have had to replace old faithful with one of these new bagless dual cyclone things.

Quite amusing watching ones carpet dirt spinning round inside said machine.

MortgageMamma

Careful_girl wrote:

I don't think that is part of the service MM. I don't think he is that type of broker. I don't need a vacuum cleaner nor to trade in anything. I think i may have to have a word with him about moneysaving though.
CG.

I'm not sure what type of broker you think I am insinuating he is! I know exactly the type of man he is, since he is a very good personal friend of mine. Nobody, especially AS himself needs any assurance that I hold him in the highest possible regard both professionally and personally. The post was meant to be complimentary and light hearted

nrsql

Sorry to offend MortgageMomma even more but if a product was recommended by a broker and I could get that same product cheaper elsewhere then I would consider it immoral of the broker not to tell me that to give me the option of the cheapest product.
It would then be up to me whether I paid for the brokers service to facilitate the deal or not.
I am going to a broker to get the best value deal not the deal which benefits the broker.
Of course if the product was the same price I would go with the broker if I had confidence in them (or maybe the first broker that had recommended the product).

I (and I suspect most people) go to a broker for advice - they shouldn't consider that giving that advice constitutes a binding contract.

MortgageMamma

I'm not offended at all by your comments as this is a site where we can air our own personal opinons. But, you will usually find it works the other way around, if you go to a broker you can mostly get a product that is more competitive than getting it through some other routes. Some mortgage providers do not accept business through brokers such as HSBC and Direct Line (who do have very good mortgages at present). If a broker charges a fee he is able to advise his clients to go to one of these non broker business accepting companies without losing out on his/her own time and profit. After all, you would not expect a solicitor or an accountant to work for nothing, so why should a broker?

Different brokers work under varying business models, my model is a trust your instincts model. I can normally tell within the first five minutes if a client is serious about doing business with me or not. If I don't trust them I charge a small fee, if I do trust them and the deal is profitable enough for me I don;t charge them a fee. There is no rights or wrongs with this, each prospective client and broker must do what is right for themselves. Luckily I get a lot of business at present is through referrals so most of my clients have confidence in me before I have even spoken to them.

MortgageMamma

AndrewSmith wrote:

Alas I have recently retired the precious Kirby G4 vacuum cleaner as it has been terribly overused by yours truly.

Have had to replace old faithful with one of these new bagless dual cyclone things.

Quite amusing watching ones carpet dirt spinning round inside said machine.

The things we have to do in this job to preserve our sanity andrew. I'm going to buy a motorcycle helmet next week, so the broker bashers can jump on my head as much as they like. Or perhaps some skin thickner will do it