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Broker’s fee can you cliam this?

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Will mortgage companies give you a broker’s fee if you don’t use a broker?

You never know your luck

Comments

  • toonfish
    toonfish Posts: 1,260 Forumite
    no, they will keep it for themselves
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.
    This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.



  • dunstonh
    dunstonh Posts: 119,581 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    When I saw the thread title I was so hoping that you were trying to claim brokers fees as illegal ;)

    Brokers are cheaper than branches and staff and they have no liability to go with it. As time goes on you are possibly going to see an increase in providers offering even more broker only deals as the costs will be so much cheaper for them that way. Regulation costs money. If the lender does it in house, they have to pay for the lot. If they do it through a broker, the broker takes on that responsibility.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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