Mortgage Brokers in Manchester? Recommendations?

MortgageMamma

Well I think Royal Bank of Scotland may consider it, possibly Accord, Chelt Glous and Chelsea BS - I've placed similar cases with them but it all goes on the individual merits of the case, credit score, borrowing vs income and loan to value.

Definitely see a broker and get them to sound it out for you, as if you approach these lenders direct you will be credit checked and too much credit checking is not good

sorry I've been unable to help with a recommendation - I left Manchester in 2004 so I'm not as well connected as I used to be. If all else fails you could use the broker connected to an estate agents who you intend to buy through - just check how many lenders they have access to before you commit

lellie

Thanks for your help..

We have a good deposit - £40,000 on a £170000 house.. The deposit is saved in a bradford and bingley account so were wondering if they might consider us..

We both have had no adverse credit and will have a joint income of £45000 a year come january 2008. Only debt is student loan.

I think we're just gonna try and find a broker and see what we can do..

Lipstick_2

Hi lellie, it's the net figure that matters.

Let me explain.

Paying a fee to receive advice is not altogether a bad thing, as it's the bottom line that's important.

It takes around 14.5 hours average to handle a mortgage case from beginning through to completion.

Who would do that amount of work fee free?

We are professionals just like accountants and solicitors and my fees are calculated on an £80 per hour basis, which is similar to what they charge.

We do however recommend from the entire UK mortgage market, which includes all lenders that do not pay us any procuration fees at all.

Larger mortgage loans such as £130,000 are interest rate sensitive, as a 0.25% difference in rates can cost the client an extra £325 per annum, unnecessarily.

This is what I meant about the bottom line difference.

Having said all that, our whole of market mortgage brokerage covers the North West of England.

Lipstick

MortgageMamma

Lipstick wrote: »

Hi lellie, it's the net figure that matters.

Let me explain.

Paying a fee to receive advice is not altogether a bad thing, as it's the bottom line that's important.

It takes around 14.5 hours average to handle a mortgage case from beginning through to completion.

Who would do that amount of work fee free?

We are professionals just like accountants and solicitors and my fees are calculated on an £80 per hour basis, which is similar to what they charge.

We do however recommend from the entire UK mortgage market, which includes all lenders that do not pay us any procuration fees at all.

Larger mortgage loans such as £130,000 are interest rate sensitive, as a 0.25% difference in rates can cost the client an extra £325 per annum, unnecessarily.

This is what I meant about the bottom line difference.

Having said all that, our whole of market mortgage brokerage covers the North West of England.

Lipstick

Well if that ain't touting I don't know what is!

Lipstick_2

MortgageMamma wrote: »

Well if that ain't touting I don't know what is!

Which part would you like me to remove?

Lipstick

homer_j_3

JoeK - You know they ban you IP address for touting - no name difference will hide the mods kicking you off here

lellie

MortgageMamma wrote: »

Well if that ain't touting I don't know what is!

exactly what I was thinking and I don't think we'll be paying much attention.

tr3mor

Lipstick wrote: »

it's the net figure that matters.

Well done for stating the obvious.

JoeK_3

homer_j wrote: »

JoeK - You know they ban you IP address for touting - no name difference will hide the mods kicking you off here

What's this in reference to?

JoeK

MortgageMamma

So your not lipstick then? we say a post on another thread by lipstick and he/she/it signed it JoeK