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Mortgage application Online vs Mortgage intermediary?
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tellme_why
Posts: 57 Forumite
Which is the quickest / safest?
I only have 4 weeks to exchange contract and 2 more weeks for completion.
The building society said it's probably quicker to do the application online vs application at the local mortgage intermediary office.
Do anyone have experience filing a successful mortgage application on-line?
How does it work? Shall I send all paper via Royal Mail?
I was thinking that the mortgage intermediary may just collect the paper from me and than send to the building society via Royal Mail anyway?
Many thanks
I only have 4 weeks to exchange contract and 2 more weeks for completion.
The building society said it's probably quicker to do the application online vs application at the local mortgage intermediary office.
Do anyone have experience filing a successful mortgage application on-line?
How does it work? Shall I send all paper via Royal Mail?
I was thinking that the mortgage intermediary may just collect the paper from me and than send to the building society via Royal Mail anyway?
Many thanks
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Comments
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The application form will be in their offices tomorrow morning if you do it tonight. Once received they can start the ball rolling so to speak.0
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Applying online is very quick but you will not receive advice so you have to be confident the product is right for you.
Quick application doesn't mean the process is quick. We applied online more than 4 weeks ago and are still waiting. I don't know if it would be quicker via a mortgage advisor (maybe) or in branch (probably no difference).0 -
When the case sticks you will wish you used a broker.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
I had a full mortgage offer from nationwide 2 weeks ago in under 3 full working days - I think that is the exception rather than the rule but I dont think many people could get an application through that quickly on their own.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
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It is worth also noting that brokers do most cases online anyway, so where is the advantage in going direct?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
It is free to go direct0
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Sorry if I missed it, but which lender.
Submission route is irrelivant if the choice of lender is wrong.I am a Mortgage Adviser
You 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 -
I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
It is free to go direct
Why don't you fix your own car when it breaks down, or fix your own boiler when you have no heating or hot water?
Same logic applies.I am a mortgage adviser.You 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 -
Mortgage_Mark wrote: »Why don't you fix your own car when it breaks down, or fix your own boiler when you have no heating or hot water?
Same logic applies.
You need it free to make sure you get what you pay for Mark.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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
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