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Mortgage broker
curlyrose
Posts: 3 Newbie
How do I find a Mortgage Broker? Is there things I need to look out for that are exceptionally good or exceptionally dodgy? Do I pay them?
Thanks in advance.
Thanks in advance.
0
Comments
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Ask friends and relatives for a recommendation. Failing that, try https://www.unbiased.co.uk, switching off the email/website only option so you get a full list for your area, not just the ones who pay for the big adverts.
Whole market brokers will pick from deals which pay them a commission. They may also charge you a fee. They will not look at direct to lender offers like HSBC, Yorkshire BS or Post Office.
An independent broker will agree a fee with you. If he uses a commission paying deal this will be used to subsidise your fee. He will also look at direct deals where no commission is payable.
Avoid national estate agency chains. They often work to a limited panel, charge a fee and get commission and want to sell you single-tied insurance products and conveyancing services at a higher cost than you could find yourself.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.0 -
Just to re-iterate the last paragraph kingstreet said....
Stay the hell out of the Corporate Estate Agents!!! Their Advisors work from very limited panels and are heavily targetted so will pull all kinds of tricks to get you to sign on the dotted line!
Good LuckI 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.0
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