How many mortgage advisors did you see when you bought your first house?

tommybuk

We contacted 2 brokers (L&C and the 'in house' EA broker) and then 'went solo' and managed to get a deal with HSBC that trumped any of the rates previously offered.


Not saying that works for everyone but worked for us.


Tommy

kingstreet

akuma wrote: »

I had been on this forum for about 6 months before we started viewing houses and took note of the consistently excellent advice being offered by 1 particular Mortgage broker on this site.

I contacted him via PM and hired him. My house purchase was EXTREMELY stressful and to be honest he was very supportive and provided me with a lot of guidance, probably above what you would expect of a Mortgage broker. The advice he gave me was directly responsible for me getting the house in the end as the house sale almost fell through a couple of times right when the mortgage offer was due to expire.

Advice he gave me which I passed on to my somewhat useless solicitor saved the house purchase and we were able to complete with literally minutes remaining before the mortgage expired.

Thanks again kingstreet

To be honest, a lot of it was outside even my experience as I'd never come across such a situation with a property. There was a bit of learning on both sides throughout the process.

We just made it in time and I was very, very pleased for you as it was about the hairiest FTB purchase I'd ever been involved in.

roobee13

When I bought my house in 2007 (what a year, lucky me), I was 22 and didn't fully understand the ins and outs of mortgages. I was coerced into seeing the EA's broker, they were absolutely useless!

A friend at work recommended an independent broker to me who turned out to be invaluable and I would happily use him again if needed.

I think other posters are right when they say it all depends on if you need a broker or not. If you do, and you find someone good then it takes away a lot of stress and hassle. Each to their own though!