Must you deal with Estate Agents Mortgage Advisor?

hieveryone

betmunch wrote: »

I'm in a similar position, but I am the mortgage broker that people will have to see/be referred to.

When I was told of the plan that everyone would have to use me, I corrected them and said I was happy to do offer checks for them, but would not be seeing anyone who felt forced to use me.

As I am independent of the EA I can do this, employed brokers for the big chains cant!

Do not see any broker who is employed by the EA selling the house.

Thank you, this is useful to have views from 'the other side'!

I am of the impression he is employed by this company.

On a side note, why would a builder link with an estate agent to sell the houses? When the previous phase was being built everything was done through the builder, not the agent. Why would they make this change?

AndyT678

hieveryone wrote: »

When the previous phase was being built everything was done through the builder, not the agent. Why would they make this change?

Same reason anything gets outsourced. They think the EA service is better and / or cheaper than doing it in house.

kingstreet

Builders often hand over the site to an EA when they are down to the last couple of units, including the show-home they've been using as an office in many cases.

Our builders incentivise buyers to use us. We're whole market and newbuild/HTB specialists and use the right lender for the case/rate. The client may get a better deal from a direct lender, but will often find out too late that cash incentives aren't acceptable, the valuer will be instructed three weeks on tuesday etc.

It can be about rate, but it can also be about meeting your target for exchange of contracts.

hieveryone

AndyT678 wrote: »

Same reason anything gets outsourced. They think the EA service is better and / or cheaper than doing it in house.

kingstreet wrote: »

Builders often hand over the site to an EA when they are down to the last couple of units, including the show-home they've been using as an office in many cases.

Our builders incentivise buyers to use us. We're whole market and newbuild/HTB specialists and use the right lender for the case/rate. The client may get a better deal from a direct lender, but will often find out too late that cash incentives aren't acceptable, the valuer will be instructed three weeks on tuesday etc.

It can be about rate, but it can also be about meeting your target for exchange of contracts.

Andy, you are right in one respect - they handed the last show home (and last to be sold) house over to the agent as they had a lady sitting up in the show-house 5 days a week doing 'nothing' as all other plots had been sold.

Now that they have decided to build more (the builder was considering selling the land off), I am unsure why they are not going back to the sales-representative model that they had before. I much preferred being able to go up to the builders office rather than to the agents.

Kingstreet, thank you for your info. You helped me previously when discussing mortgages - I am just unsure as to how 'specialist' an agents broker could be? Is that an awful thing to say?

Our circumstances have slightly changed since this time last year, with my partner working offshore on what is essentially a zero hour contract, and me with a default (due off in November) and an ATP (which finished in Jan 2010) on my reports.