I need some advice as I think there could be more to it than the estate agent/mortgage advisor let on.
I had my offer on a property accepted via Connells Estate Agents and as you may know they insist on getting you to come in to make the offer (with their mortgage advisor!!!)
Now I have an existing mortgage with Nationwide that is porting and additional borrowing is A.I.P. with Nationwide - quite straight forward I thought and all under control, I know exactly what I want already.
Now Connells are pushing us to allow them to process the mortgage through their intermediary as Nationwide is on their pannel of lenders and this will speed up the process, gets us the same deal and will not cost us any extra? (I presume they will use their inhouse surveyor owned by the group - and they will get commission from Nationwide for putting the business their way.)
Now am I right to be cautious ... The Mortgage advisor told us he gets 10% of the commission for putting the business through... I see the downside as they will use their surveyor who may be quite highly priced... any advice please???