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Using a broker and Contact with the lender

sm78_2
sm78_2 Posts: 8 Forumite
in Mortgages & endowments
Just because we are using a Broker, does that mean we cannot contact the lender direct? Im a little frustrated with our broker as he never seems to have an update for us.


Can I contact the lender direct?

Comments

  • ACG
    ACG Posts: 24,881 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    You can, but its not really advisable.

    You may give them information inadvertently which is not requested but scuppers your mortgage hopes with them for example.

    For example there is a high street lender who does not ask about defaults - they rely on the credit report.
    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.
  • amnblog
    amnblog Posts: 12,782 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Contacting the Lender direct is a sure fie way to make things worse as ACG says.


    Your broker may not have an update simply because the lender is not providing an update.
    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.
  • sm78_2
    sm78_2 Posts: 8 Forumite
    Ok, thanks for this.
This discussion has been closed.
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