Mortgage broker reviews

kingstreet

I agree. Or usual fee for independent advice is £995 with rebate of commission.

Saying which, in our area and with the social/affordable stuff we do, the client is better off with our WoM £249 + commission deal. We normally earn around £500 to £550 per case.

xxzeezeexx

I was given a rough quote of £595 from theoriginalmortgagecompany.com, using the % option. Its only going to be a mortgage of about £30000. So as I mentioned they are pretty similar but if I decide to borrow money for HI the fee will go up. The website only shows a 6.6% rate for comparison, which I feel is quite high from the rate checking I have done.
The first company has a better website, the second one doesn't look as professional.
Does the broker make a difference as to if you get accepted for a mortgage?

Let_Us_See

In all honesty a lot of brokers would rather you not knock on their door for a £30,000 mortgage.

ACG

You cant decide which broker to use by the look of their website! Call them both up, talk to them and see what your gut instinct says.

I know plenty of very good brokers who have basic (pretty poor websites) and large companies who have nice websites but shocking service.

To be honest though for a £30k mortgage your going to be paying a fee as its just not worth it otherwise (commission alone would be about £100).

xxzeezeexx

Both these companies specialize in RTB so are used to dealing with small mortgages.
I've spoken to both companies on the phone and both are confident that they can find a lender that will lend on our circumstances. They both seemed like pleasant people too.
Say they both put me forward for the same mortgage deal-does the ability or experience of a broker affect the likelihood of us being accepted or does it solely go on CS and my income? Ignoring the fee side of things, will it make a difference who I went with?

ACG

RTB are no different to any other mortgage. But presuming the broker is of a standard of being able to submit everything as required one broker over another wont make any difference. To be honest it all sounds straightforward enough (im not usually one to say go with the cheapest) but in this case i probably would - if they both seem confident enough to do the job and are both easy enough to get on with then it comes down to price.