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mortgage fee free broker or not?

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Comments

  • libf
    libf Posts: 1,008 Forumite
    wang801 wrote: »
    thank you all for taking the time to reply,


    Sorry I forgot to give enough details;


    As a first time buyer and looking to use HTB we are looking at a house between 140/160k. A financial advisor we have spoken with up to now charges 1%, which in my opinion is quite high.

    HTB equity loan on a new build? If so...

    My mortgage broker is paid by the house builder, as well as receiving commission from my mortgage provider. It might be worth inquiring if there is a similar setup available at the development on which you purchase.
  • amnblog
    amnblog Posts: 12,764 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Any broker prepared to split the commission on that has financial problems or is new to the industry.


    Should do a great job then.
    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.
  • kingstreet
    kingstreet Posts: 39,316 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    libf wrote: »
    HTB equity loan on a new build? If so...

    My mortgage broker is paid by the house builder, as well as receiving commission from my mortgage provider. It might be worth inquiring if there is a similar setup available at the development on which you purchase.
    We don't charge the client if the builder pays our fee. It's one or the other.
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
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