Estate agent mortgage advisor

Kirstyb1987

Hi,

I have been reading loads regarding mortgage advisors via the estate agents and have an appointment with her on Saturday. However from a few posts I am getting slightly concerned by it. Not being a good service ect.. Do you suggest I go through the estate agent and pay the £399 or go with an independant.

I've been reading about London and country but don't really understand how they work.

Help!

Thanks
Kirsty

Gonzo33

Like most things some EA Mortgage Consultants will be good and some will be bad, same with independents.

Most of my clients come to me via word of mouth.

Okydoky25

My experience. Don't use them even if they offered to pay me £399

kingstreet

National chain advisors can be young and inexperienced. You tend to find those who understand the market better get out of that environment as soon as they can, fleeing the "corporate" mentality.

Typical national chain advice;-

charges a fee, higher than an independent alternative
is limited panel, so you don't get access to all broker lenders
is tied to one insurer, so you get limited protection advice
pushes expensive, often poor-quality conveyancing.

Finally, if you use the service of the agent selling your property, you are handing your vendor complete knowledge of your financial situation.

I cannot see any benefit to you in doing this.

Kirstyb1987

Thank you very much. Alot of useful information there.

I think I will do my research and cancel the appointment on Saturday.

Very good point about handing my financial information to the vendor.

Thanks again
Kirsty