Remortgage offer....Using the brokers offer myself?

Leon_W

You will not be able to complete directly yourself on the offer the broker obtained.

Northern Rock will have the whole mortgage process documented on an advised basis by that broker who takes responsibility for that advice. His advice will also be insured and you will have access to the FSCS if it is found wanting.

You would have to start the whole application process yourself right from the start and resubmit all the paperwork.

I would also be careful that the broker doesn't cancel the application if he gets wind of what you are contemplating.

I had a client who thought he was clever. I had submitted an application to Halifax on his behalf and gone into great detail with underwriters who finally accepted his application which had taken considerable time. When I told him it had been accepted he then proceeded to go to them direct behind my back because the direct rate was 0.02% cheaper, which I only found out about because Halifax kindly told me about a duplicate application. I thought at the time things were suspect because he would constantly phone me morning noon and night and then abruptly stopped calling.

I let this run for a while because I knew that he didn't stand a chance direct due to the complications of his particular case. Despite repeated calls to the client and messages left he refused to call so I cancelled the case and yet to be posted mortgage offer.

As I thought, two weeks later he calls ranting and raving about his mortgage offer. I explained he hadn't returned my calls and according to Halifax he had gone direct, so I'd cancelled it. After some bluster he admitted he had but they had declined the mortgage.

OK. I lost a few hundred quid, but I really can't be doing with people like that who try and shaft you at every opportunity and told him to take his business elsewhere.