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Mortgage Advice Bureau??

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My hubby has made us an appointment to see an advisor at the mortgage advice bureau. I understand they charge a fee, I'm not sure if they are whole of market etc or even if we should see them. I would appreciate any opinions, please??

Comments

  • JoeK_3
    JoeK_3 Posts: 1,374 Forumite
    dean182 wrote: »
    My hubby has made us an appointment to see an advisor at the mortgage advice bureau. I understand they charge a fee, I'm not sure if they are whole of market etc or even if we should see them. I would appreciate any opinions, please??

    Ring them up and ask them to send you a copy of their Initial Disclosure Document and this should indentify everything prior to your meeting..

    JoeK
    I am an Independent Financial Adviser.
    Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.
  • Hpriddle1
    Hpriddle1 Posts: 28 Forumite
    My boyfriend and I have recently been seeing a mortgage broker who doesn't cost a penny and has been fantastic in helping us find the right mortgage for our situation. I would suggest you cancel that appointment and find your nearest broker who won't charge but will do the same job.
  • Mr_helpful
    Mr_helpful Posts: 3,233 Forumite
    The broker should disclose fees etc in his initial disclosure document but you can also visit brokers websites and find out if they are independent and what if any fees they will charge
    I like to give people as many choices as possible to do what I want them to. (Milton H Erickson I think)
  • dunstonh
    dunstonh Posts: 119,764 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The broker could be charging a fee but rebating commission. Until you see the initial disclosure document, you wont know.

    First appointments are always free (as you cant charge until you have been told about the charges and accept them).
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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