North Mortgages - Anyone Any Experience?

bugged

As the title suggests, does anyone have any experience of North Mortgages based in Manchester?

They are whole of market and no upfront fees the website says.

kingstreet

The bottom of the page says they normally charge a fee and they are whole of market. That means they could be getting a fee from you and a commission from the lender.

We normally charge a a fee for mortgage advice, however this will be dependant on your circumstances. Our typical fee is �499.

http://www.northmortgages.co.uk/about

If you can, try to find a fully independent mortgage adviser who will charge you a fee and find you the best deal from all lenders, including those only available by going direct.

If the lender pays commission on the product, the independent will rebate it to you to offset the fee you've paid.

Here's an example I did a few weeks ago to demonstrate this;-

http://forums.moneysavingexpert.com/showpost.php?p=44595192&postcount=7

Hope it helps.

bugged

Thanks for the reply. To be honest, I am happy to pay a fee for impartiality. Everyone wants wages - it has to come from somewhere.

I am really looking for a whole-of-market place that offers transparency as regards fees. I don't want to be stuffed into a dodgy product just because some guy with a fat tie gets another £200 off the back end. I would rather bung him the extra £200 and get proper advice at the start if that makes sense.

I read the advice on the site here that suggest going with a whole of market broker. I did some Googling and came up with North Mortgages. I only want to do this once, and with a proper outfit. So I wondered if they are OK?

Our situation is not entirely straightforward, credit file is quite inactive (but rows of zeroes nonetheless). Only been back in the country the last couple of years so not much on the file prior to that. We only need a circa 50% LTV, but I thought a broker might be a better bet than our bank (The Yorkshire).

Any further thoughts welcome.

GMS

There is an audit trail throughout the process so fees would be transparent.

My website states I charge a fee but this is dependant upon the deal. I try not to charge a fee but if a mortgage pays a tiny amount of commission then it can be unavoidable. Fee disclosures are necessary but can be misleading.

Try your own bank and see what they may offer. Then speal to a broker to compare the market for you.

bugged

GMS wrote: »

My website

I expect there are rules here that prohibit you from posting your site. Do please shoot me a PM with it on if you are able.

Edit - I found it on your extended profile - no matter.