Help to Buy Mortgages and missed payments

Jambo5

Ah kingstreet....the forum police.
Thanks I am finding advice helpful but just awaiting the one person that has been in similar position that can help!

Cheers Yorkie1.....points taking on board looks like a Mortgage broker all the way for me!

kingstreet

Forum police?

I meant seek advice from an alternative broker if you don't like what the first one you see comes up with.

I think I once asked you if you were unhappy with advice you'd received previously and suggested you continue earlier threads, rather than create new ones so people could see what had been said previously.

If that makes me the forum police, guilty as charged.

Anyway, I'll leave you to it.

kingstreet

This was the post I was referring to;-

http://forums.moneysavingexpert.com/showpost.php?p=66740235&postcount=11

We are newbuild specialists and have done about three hundred cases this year. Not one was with an adverse credit lender as some high street lenders will accept old/historic adverse and at normal rates.

If you are offered a product by a broker and it sounds too high, say no and if necessary, find another broker.

Jambo5

Haha ok, I apologise again! Sorry.just feel frusteated. Thanks for advice though....looks like a Broker is the most sensible option.

jacobtheamish

Why use a broker?
Lenders change there criteria on a regular basis, you will also often find as has been my experience that staff in branch often don't know their own employers lending criteria. Most lenders do not dual price and in fact often offer exclusives via brokers in large networks.
If your the type of person that has done your own research and know the rate and product you want, you will also normally find it a lot quicker via a broker, with some lenders offering 6-8 week lead times on seeing the in branch broker. MMR has meant a lot of lenders would prefer you to go via a broker as it reduces their overheads.

Jambo5

Yep, seen the link. I know you know what your talking about. I will just be patient and see how it goes next summer and I will post the outcome on here, cheers

Jambo5

Thanks jacobtheamish.....well i'm trying to do research on here and I get all lenders have different criteria's.
On average how much would it cost to put a Broker on the case?
Also do you know any brokers in the North East of England?

jacobtheamish

I know a whole of market broker in Newcastle, not sure how recommendations are on here though. Personally I would use a Whole of Market broker who does not charge a fee, therefor costing you nothing other than the lenders standard product fee's etc

Jambo5

I will look into a whole of mortgage broker tgen. Much appreciated advice.

kingstreet

https://forums.moneysavingexpert.com/discussion/5091028

Post #2 broker finding.