What's the point of a mortgage broker?

ShALLaX

Brokers know some useful stuff that might not always be initially evident or obvious (such as which lenders are willing to deal with flats over garages.)

sebtomato

Well, I guess some financial advisers here have to defend their job. I think for most people, able to go basic calculations, and a bit of research, the best deals are available direct.

bigadaj

sebtomato wrote: »

Well, I guess some financial advisers here have to defend their job. I think for most people, able to go basic calculations, and a bit of research, the best deals are available direct.

Possibly but like any service the value is specific to an individual at a point in time. Decent depsoit, low or no debt, reasonable ltv, income multiplier and no complicating factors then go direct, some or all of the above not being met would suggest that's. broker may be worthwhile.

Pragmatism always beats dogmatism in my book.

dunstonh

sebtomato wrote: »

Well, I guess some financial advisers here have to defend their job. I think for most people, able to go basic calculations, and a bit of research, the best deals are available direct.

This thread is about mortgage advisers. Not financial advisers. You are also technically wrong in respect of independent mortgage advisers who can recommend not only broker deals but also any deal on the market (even those that wont deal with brokers directly).