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Mortgage broker vs going direct
thenewbee
Posts: 143 Forumite
Hi
My partner and I are FTBs and have a DIP from a broker under the help to buy mortgage guarantee scheme. My partner has 3.5 years employment experience on a rolling temporary contract - add this to the help to buy and our broker told us we would only be eligible at Natwest or Halifax.
As these are high st banks are we just as well going direct and avoiding having to pay a broker commission? Or will the process be easier & are we less likely to be rejected if we have a broker?
New to all of this so if someone could please advise that would be great!
Thanks.
My partner and I are FTBs and have a DIP from a broker under the help to buy mortgage guarantee scheme. My partner has 3.5 years employment experience on a rolling temporary contract - add this to the help to buy and our broker told us we would only be eligible at Natwest or Halifax.
As these are high st banks are we just as well going direct and avoiding having to pay a broker commission? Or will the process be easier & are we less likely to be rejected if we have a broker?
New to all of this so if someone could please advise that would be great!
Thanks.
0
Comments
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There are only two lenders, NatWest and Halifax.
Halifax accepts business directly and via brokers, NatWest is direct only.
Have a look at the products on offer and compare them. If you need "hand-holding" through the process, the broker may offer a better option.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.0 -
kingstreet wrote: »There are only two lenders, NatWest and Halifax.
Halifax accepts business directly and via brokers, NatWest is direct only.
Have a look at the products on offer and compare them. If you need "hand-holding" through the process, the broker may offer a better option.
Why would the broker suggest Natwest if it's direct only?0 -
If its a whole of market broker.0
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