We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Expat Buy-to-let mortgage query
Comments
-
Your expenses can be offset against the tax you pay so may not be a major issue?
Is £2,700 the brokers fee alone? If so then I would suggest finding another broker.I am a Mortgage AdviserYou 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.0 -
well it is 200 quid fee for the work and he also takes 1% of the total loan amount....
I am aware about the tax offset up at the end of the day 80% of 2700 is what it costs....
what should a broker charge for such work....????0 -
This is not an easy case to place so you should expect to pay a fee.
£2,500 is excessive in my opinion. Less than half would be my estimate.
There are no set fees though, as long as the amounts are disclosed properly a broker can charge what they feel is right.I am a Mortgage AdviserYou 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.0 -
try natwest international dot com
e.g. 2 yr fix @5.31%, 75% LTV, 1% fee0 -
Hi did you ever get this sorted. Yes the broker is charging quite a high fee when this case could be placed with a lender that will pay the broker a small fee so he should really reduce his fee. Sounds like they are just being greedy.
GedI am a Mortgage AdviserYou 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.0 -
expatsmortgages wrote: »Hi did you ever get this sorted. Yes the broker is charging quite a high fee when this case could be placed with a lender that will pay the broker a small fee so he should really reduce his fee. Sounds like they are just being greedy.
Ged
Sounds like you are just here to drum up business for yourself.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards