Mortgage Brokers, Help Needed

Ronnie77

Hi there,
I'm looking for some info/help regarding mortgage brokers, i'm going through a messy divorce at the minute and took advice from a mortgage broker regarding best possible mortgage deals(had no time to look myself), but ended up buying a 50% share in a property rather than 100%,thus my mortgage is £18,000 now rather than about £60,000.

The fee i'm being charged was £400 and hasn't changed even though i'm borrowing alot less,also the best deal he found was with the Halifax(who i've had my last 4 mortgages with) and who I currently have all my accounts with.

Am i tied in to go with the broker after seeking his advice no money is changing hands till the mortgage starts?

Thanks In advance for any help,Ronnie

JoeK_3

Ronnie77 wrote: »

Hi there,
I'm looking for some info/help regarding mortgage brokers, i'm going through a messy divorce at the minute and took advice from a mortgage broker regarding best possible mortgage deals(had no time to look myself), but ended up buying a 50% share in a property rather than 100%,thus my mortgage is £18,000 now rather than about £60,000.

The fee i'm being charged was £400 and hasn't changed even though i'm borrowing alot less,also the best deal he found was with the Halifax(who i've had my last 4 mortgages with) and who I currently have all my accounts with.

Am i tied in to go with the broker after seeking his advice no money is changing hands till the mortgage starts?

Thanks In advance for any help,Ronnie

What is the question?

JoeK

homer_j_3

I would say it depends if you have signed anything - take all the paperwork and info that you have been given to another broker - one that is whole of market or has a decent amount of products to look at (At least 25+ Lenders) as that should give you a good indication to how good or bad your own adviser is. You shouldnt pay a fee for the advice and if the £400 is their fee and not the halifax's then I would get those running shoes on.