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Which is the best......

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  • kingstreet
    kingstreet Posts: 39,254 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    bigadaj wrote: »
    Stating lenders may be construed as advice, brokers want laying for their time and know.edge and also for insurance in case of claims
    I've never been offered payment "in kind" as they say. ;)
    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.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    kingstreet wrote: »
    I've never been offered payment "in kind" as they say. ;)

    "Laying" is the skill of making equipment level.

    So not the best of possible offers......
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    Didn't intend to impune anyone's integrity, I'm blaming the iPad auto correct.
  • armour
    armour Posts: 311 Forumite
    Hi Holly,
    Thanks for your informative post. I've decided that I'll suggest to my bro. to see someone from London & Country. They're whole of market and fee free.
    Incidentally, bro. will only need the one mortgage if he can raise £180k on the bungalow as he'll then be able to buy the new place outright. Surely this is the cheapest and most tax efficient way to do it?
    Thanks again to you Holly and to all the other contributers.
  • holly_hobby
    holly_hobby Posts: 5,363 Forumite
    1,000 Posts Combo Breaker
    kingstreet wrote: »
    I've never been offered payment "in kind" as they say. ;)

    Never mind Kings. you can live in hope :D;) !

    H x
  • holly_hobby
    holly_hobby Posts: 5,363 Forumite
    1,000 Posts Combo Breaker
    armour wrote: »
    Hi Holly,
    Thanks for your informative post. I've decided that I'll suggest to my bro. to see someone from London & Country. They're whole of market and fee free.
    Incidentally, bro. will only need the one mortgage if he can raise £180k on the bungalow as he'll then be able to buy the new place outright. Surely this is the cheapest and most tax efficient way to do it?
    Thanks again to you Holly and to all the other contributers.

    I can't say anything about L&C but be cautious of fee free advisers, as there may be a tendency to only consider and recommend a lender with the highest proc (commission) fee as oppossed to the best deal.

    Yes it may make financial sense to pch the main residence in this manner due to the permitted offsetting (if he and the property meet the lenders cirteria of course), but please ensure that your bro obtains independent financial advice and guidance on this from his financial and tax advisor.

    Hope this helps

    Holly
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