mortgage through Estate agents ??

where2start

been first time buyers the whole process of finding the right broker/lender just seems so daunting , can any of the independant advisors on this site suggest whether or not its advisable to go through an estate agent for our mortgage!! we dont have deposit and would need 100% mortgage or can you suggest which broker/lender to use !! any info would be greatly appreciated.

KTF

If the broker in the estate agent is whole of market and fees free then I see no reason why you cant use them.

If they are tied to certain lenders only or charge a high fee for their services then look elsewhere.

where2start

thanks for that, will have to check if they whole of market and fee free !! many thanks for the reply

pollyanna24

I'm going to remortgaging for the first time quite soon and just wondered what brokers other people used.

I knew what mortgage I wanted when I took it out, but now with rate rises and all, figured I should shop around.

herbiesjp

No adviser on the boards can really give any recommendations of lenders as they need to fully assess your situation before doing any research for you.

Some people believe there is a conflict of interest with in-house advisers, and its been reported on numerous occasions that estate agents with take advantage of the vulnerable/un-informed in order to push the mortgage adviser on to them i.e. "you have to see our adviser to make sure you are a good buyer "

You don't have to do anything you don't want to - so if you are happy to use them then fine, but if you are not, then use who you want to

HTH

where2start

thanks for reply, will have to weight the cons and see whats best - just thought it would be easier using EA dont know where to start in finding the right broker and who is best etc.

AndyWallace

You might as well just go to Northern Rock yourself as go to an Estate Agent.