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right to buy!
nicola40_2
Posts: 1 Newbie
Hi me and my partner have put in an application for a right to buy, but are novices when it comes to how much a mortgage advisor charges for their help and advice. we know these charges will differ form company to company, but just a baseline fee?? any advice what we should be checking out for. thanks
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Comments
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You have a few options. It's important to find a broker who offers mortgages from as many providers as possible, that way you have the best chance of getting a good deal. Don't go to a bank, they only offer their own mortgages.
If you want an adviser who covers the whole market, (including mortgages he can't get a commission from) you have to pay, the fee varies but less than £500 would be normal.
If you want free advice you can go for a mortgage broker who only offers mortgages that he can commission from. This is worth considering since most mortgage deals are available through a broker, just not all of them.
There's some advice here:
https://forums.moneysavingexpert.com/discussion/183138
Sorry but I don't know anything specific about Right To Buy, I imagine most brokers will know about it since it's part of their job.
http://www.money.co.uk/article/1002124-mortgage-broker-or-direct-deal.htmChanging the world, one sarcastic comment at a time.0
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