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Mortgage Brokers

leeandy
leeandy Posts: 9 Forumite
in Mortgages & endowments
Hi all ,

We're coming to the end of our 2 yr deal with Nationwide and are thinking of using a Broker to find us a good deal and the possibility of borrowing some extra.

Can anyone suggest /recommend anyone from personal experience?

I know there are loads available and i'm not being lazy in not finding someone on my own , just always think its best to take any available advice.

Many thanks in advance

Lee

Comments

  • kingstreet
    kingstreet Posts: 39,438 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I suggest you ask friends and relatives for a recommendation near you. Otherwise, search here;-

    https://www.unbiased.co.uk
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Friends and family recommendations generally cant be beaten.

    Try google, www.unbiased.co.uk (untick the website only box), look through the forum or ring around a few brokers and get an idea of them.

    Check what Nationwide will offer you first as it could save wasted time for all involved
    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.
  • leeandy
    leeandy Posts: 9 Forumite
    Great thanks all for your quick replies I'll check out the site and ask around.
    We're in Ipswich, Suffolk

    Thanks again.
    Lee
  • ACG
    ACG Posts: 24,896 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Ah, one of the few areas i didnt deal with.

    There is a member on here though based in Norfolk, im not sure how far away that is. Hes very knowledgable, ive elarnt a lot from him on here - http://forums.moneysavingexpert.com/member.php?u=29254
    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.
  • kingstreet
    kingstreet Posts: 39,438 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Just one quick thought for the OP and later readers.

    If taken out on, or after, 30 April 2009, your mortgage reverts to standard mortgage rate, currently 3.99%. There is no link to the base rate.

    Any Nationwide borrower who took out their mortgage before then reverts to the base mortgage rate which is the base + 2% tracker rate, currently 2.5%, which is guaranteed as long as you don't move to another deal or leave Nationwide.

    Care should be exercised in dealing with Nationwide existing mortgages.

    http://www.nationwide.co.uk/mortgages/interestrates-types/standard-basemortgagerate.htm
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • leeandy
    leeandy Posts: 9 Forumite
    Typical !!:rotfl:Thanks though I'll have a chat with him and see if he can help

    Cheers
  • jimbo_the_jetset
    jimbo_the_jetset Posts: 673 Forumite
    As kingstreet says check what rate you will revert to with Nationwide. We are looking at moving house and thought that would mean a whole new deal, however Nationwide said we can keep out existing mortgage amount at 2% above base rate and get a deal for the rest which will be ~4.5%. Which then works out cheaper overall.

    Currently I doubt the 2% + base rate can be beaten, which is why they removed it!!
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