Using multiple brokers to obtain the best mortgage

HelpWhereIcan

kenshaz wrote:

Je plaisantais seulement

discuter en francais!!! En MSE, nous sommes devenus tres sophistique!!!
:rotfl:

homer_j wrote:

vous êtes une personne âgée idiote et vous n'avez clairement rien à mieux faire

une personne? - J'ai cru que kenshaz etait un homme!! Ca ne fait rien, je ne suis pas 'le police de grammaire'!!!:rotfl:

peut etre, homer_j va dire qu'il a seulement plaisante.

kenshaz

homer_j wrote:

vous êtes une personne âgée homer -j et vous n'avez clairement rien à mieux faire

I have a beautiful Grand-daughter who takes up all my time

kenshaz

AndrewSmith wrote:

l'homme parle la vérité :rotfl:

I have decided that I do not want to come out to play

payless

Given the previous thread http://forums.moneysavingexpert.com/showthread.html?t=263323
got closed down - likely as degraded down to the same level as this thread ... prerhaps time to let it rest guys

kenshaz

payless wrote:

Given the previous thread http://forums.moneysavingexpert.com/showthread.html?t=263323
got closed down - likely as degraded down to the same level as this thread ... prerhaps time to let it rest guys

The voice of reason,I have learned a lot about mortgage broker's and it is all good,a written message can sometimes be interpreted differently from what was meant,please do not hold that against me
Regards Ken

kenshaz

AndrewSmith wrote:

Ken,

I dont think anyone has any opinion of you at all actually. By your own responses and justifications (or lack of them) you have shown exactly the type of person you are.

However I take no offence at your comments about me as your opinion means little to me personally.

Now then girls, time to move this on.

Well how magnanimous:rolleyes:
and a sexist remark to boot

MortgageMamma

Lets all be nice to eachother like payless says! Please!

Also, can we all talk in English as I don't speak french and feel left out

kenshaz

MortgageMamma wrote:

Lets all be nice to eachother like payless says! Please!

Also, can we all talk in English as I don't speak french and feel left out

But your English is very good,and your homing ability superb

TangentMan

This was an interesting thread. My view is that it us up to your moral viewpoint about who does what work etc. If you know someone has done good work for you you should give them some reward(even if you end up not using them for the actual transaction).
I think the "small local broker" argument is completely irrelevant. Who cares if the person doing the work is a mighty corporate or a one-person band type operation? At the end of the day someone is potentially having their time wasted and their income reduced.

If I went into a large high street lender and had a morning of having mortgages (not necessarily products) explained to me and then went to a broker would we be sympathetic for the advisor in the branch? Probably not, even though their sales target and therefore income may have been dented by my action.

Its all part of the game. Brokers, for example, will often advise a customer to add a fee to a loan in case the application does not go through, that way the customer has not lost their application fee. Good advice, but from the Bank's point of view they have done work and received no income.

If customers shop around more than one broker, it might be that brokers start charging fees up front that are at least partly refundable.

MortgageMamma

A broker doesn't necessarily have to charge an upfront cash deposit for their work to ensure their time is not wasted.

A fee agreement and terms of business can be issued and signed by the client (whether face to face or distance selling) - before any work is done by the advisor. If the fee agreement/terms of business states the following the timewaster has not got a leg to stand on

"xxxx company reserves the right to charge you a fee of £xxx an hour, should no products on which advice has been sought and given be taken up"

I worked for a company who had this in their terms of business and on the client information form on their website, and when they got fed up being messed about they billed about 40 clients, of which 34 paid when asked, and the rest we instructed a legal recovery company over the internet, and all but one eventually paid up. S

ome of the clients did dispute, saying "xxx said you were fee's free and thats what your site says" but all the telephone calls were recorded and the advisers all read the terms of business over the phone before fact find stage and verbal agreement and written agreement was obtained from the clients.

I'm not entirely sure what the compliance take is on this, as I was not responsible for this particular companies actions.