How to compare mortgages ?

MortgageMamma

Its rather ridiclous thinking about it! I have a good idea who it is though and like everything else they have done to try and burn down my little empire, it won't work! My clients love me, my family loves me, my broker friends love me, my personal friends love me, my network loves me, and my mum loves me. I can't help being so popular, I suppose its only natural there will be people very jealous of me. Guess I'll have to get used to that.

Thanks for the support bounder.

The Real MortgageMamma

Born2Save_3

So mortgagemamma or anyone else - any offerings - or as i suspect this is information that people dont want to disclose - if so, so much for the MSE idealogy, it appears that too many people have a commercial interest for information to freely flow... Sad to discover so early on - yet with commisions so high, I guess it is inevitable.

MortgageMamma

Here comes the cynic, if you think that why don't you read back on some of my posts from last night and see if you think the same. I am MORE than helpful and offer MORE information that what I actually should for my own good.

How do you compare mortgages? How long have you got!? Its all down to basic maths and your demands and needs. Get a key facts document for the product you are in interested in, and one for all the other products you are interested in and read through each one section by section e.g all the sections 1's at once, all the section 2's at once, all the section 3's at once and keep eliminating products that don't suit. When you have narrowed it down a bit look at the repayments and the fee's and compare those, then decide which one you want (oh and check you fit the lending criteria which is not always freely available) and voila, you have your own DIY mortgage.

shameless-about-money

Born2Save wrote: »

So mortgagemamma or anyone else - any offerings - or as i suspect this is information that people dont want to disclose - if so, so much for the MSE idealogy, it appears that too many people have a commercial interest for information to freely flow... Sad to discover so early on - yet with commisions so high, I guess it is inevitable.

You really take the ticket.

How many times do you have to be told that there are too many options, too many variables, too many lenders to do what you are asking? Those options change on a daily basis. The software has to be updated every day for the broker, otherwise it is out of date.

It has nothing to do with Martin Lewis and his mse ideology. It has to do with the quantity of information that is available.

It has nothing to do with commission either.

In any event, why shouldn't a broker be paid commission? Would you dare go to an accountant or a solicitor and tell them you are not going to pay for their work, their expertise, their professional opinion? No, I thought not. So why should a mortgage advisor not charge a fee?

If you can afford a mortgage of over £230K you can afford to pay a fee for professional advice too.

I am not a mortgage advisor - yet - but I soon will be. I will be charging a fee. The other advisors working in my area, via estate agents or privately, all charge a fee, which is 1%.

I think that it is appalling that Martin Lewis is actively encouraging people to not pay any mortgage advice fees. He doesn't do work for nothing, so why should a mortgage advisor?

shameless-about-money

To the fake morgage-mamma - it might be a good idea to change your handle.

Mr_helpful

Born2Save wrote: »

So mortgagemamma or anyone else - any offerings - or as i suspect this is information that people dont want to disclose - if so, so much for the MSE idealogy, it appears that too many people have a commercial interest for information to freely flow... Sad to discover so early on - yet with commisions so high, I guess it is inevitable.

You would like me to send you a list of the 40,000 or so deals available would you? With your mentality go to your nearest high st branch ofthe Halifax. After all it didnt get to being the largest lender by being rubbish did it?

wardlaw

It is very difficult to compare mortgages

A good rate is not always the best rate In fact if you look at the financial press, the top best fixed rates for instance are not in my opinion the best rates, due to

redemption penalty overhangs

large fees added to the loan
terms and conditions

lenders variable rate


The very best way for you to get the best deal, that suits your own personal circumstances is for a good mortgage broker to carry out a fact find to ascertain your own individual personal and financial situation

Based on that your broker can then go and source the solution, namely the best product for you


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.