Lenders and brokers

makeitstop

Hi all, (and especially the brokers here)

Am I correct to assume that neither Tesco or Yorkshire BS are available throuth brokers, but, that they are direct only.?

Malmo

Tesco is currently direct, but will be available via the broker market in the future.
YBS is direct, but has a broker-only subsidiary called Accord.

ACG

Your correct, although as above we do have access to Accord... but I would rather turn business away than use Accord, my blood pressure is on the wrong side as it is.

makeitstop

Oh I see, thanks for the replies.

My daughter is currently looking at getting a mortgage, and is speaking with L&C, so I'm assuming it will mean that if she wishes to go to either of these lenders, it will mean bypassing a broker and doing it herself.

Not sure she'll be thrilled to learn that, but there we go.

ACG

Do the sums, it might result in her paying a few quid less a month but if its say £5 a month more thats £60 a year and £120 over 2 years.

She may be happy paying £120 over 2 years in order to have a broker help her?

makeitstop

ACG wrote: »

Do the sums, it might result in her paying a few quid less a month but if its say £5 a month more thats £60 a year and £120 over 2 years.

She may be happy paying £120 over 2 years in order to have a broker help her?

Sorry ACG, not quite following you there.

You mean, if I checked the lowest rates, working out set up fee and monthly payment, and find that by using a lender that brokers "do" have access to, that it might be worth going that route if the difference in overall cost is perhaps £60 a year more.?

If so, yes I agree, that would be a better choice. not sure who brokers have access to and who they do not though. Is there a quick way to find that out.?

ACG

Generally speaking:
YBS (We have access to accord), Co-op (we have access to platform), HSBC/First direct are the main ones I think.

And that is what I meant yes.

Dird

ACG wrote: »

but I would rather turn business away than use Accord, my blood pressure is on the wrong side as it is.

How come (avoid Accord)? I'm currently going through the process with YBS & all seems to be running smoothly...unless their valuation comes in lower than I paid and wrecks everything :f

makeitstop

Dird wrote: »

How come (avoid Accord)? I'm currently going through the process with YBS & all seems to be running smoothly...unless their valuation comes in lower than I paid and wrecks everything :f

Going through the process with Accord or YBS.?

From what I read from ACG, they are very different outfits.

I have no idea what's best for my daughter, but she did want to have a broker of some sort on her side. Whether L&C are particularly on her side I've no clue, but I would hope so.

The question is for her, who to use or consider. It's a headache

PixelPound

makeitstop wrote: »

Going through the process with Accord or YBS.?

From what I read from ACG, they are very different outfits.

I have no idea what's best for my daughter, but she did want to have a broker of some sort on her side. Whether L&C are particularly on her side I've no clue, but I would hope so.

The question is for her, who to use or consider. It's a headache

See what lowest you can get and challenge L&C to match it. You can then see what they can do.

makeitstop

nic_c wrote: »

See what lowest you can get and challenge L&C to match it. You can then see what they can do.

The two she (I) has been considering are with either Tesco, at 3.09% with £450 set up or with Yorkshire at 2.59% and £1120 set up fee.

What are the chances of getting L&C to match these, and is this something that they can do even.?

Will ask and see I guess.