High Street Estate Agent & Fixed rate mortgage products

rrwfotr

Hi, I'm purchasing my first house from a major high street estate agent and basically was wondering if any one out there could offer me some advice. When I went in there today I was lead to believe that the meeting today was basically a meeting to discuss how we would be funding the property and to discuss my solicitors etc ...

However when I went into the estate agents today I was bombarded with sales patter as in take our mortgages we get better deals etc as we are the biggest provider we get exclusive deals with the banks etc etc..

I wondered if any one could offer me some advice, should I use the estate agents lawyers, and mortgages...

I'm looking for a two year fixed rate mortgage for approx 85k does anyone know of good rates with low or no arrangement fees, I'm currently looking at a £600 arrangement fee mortgage with the Nationwide (nationwide rate is 4.68% repayment basis) , I missed out on a Abbey deal that offered 4.48 % and £0 arrangement fee they withdrew it today!!! Any one know of any goods deals out there at the moment??

Thanks in advance.

Doozergirl

You need an independent, whole of market broker. They will save you potentially thousands of pounds, will find you the best deal and will truly have deals available to them that won't be available on the open market. The agent's patter doesn't really sound like that's what you're getting. You need someone who is truly able to search every single mortgage product available.

There's several on the mortgage board that I bet would be able to offer you advice and you can also find IFAs that deal with mortgages at https://www.unbiased.co.uk. A personal recommendation would be even better.

As for solicitors? Personal recommendation every time if possible. If you can't, I'd get a range of quotes and base much of your decision on the way you are treated, not just the price. A good solicitor is not necessarily cheap, but they're not necessarily expensive either!

I'd always do my own research over trusting salespeople to make the right decision for me