Mortgage Broker Fees

kingstreet

amnblog wrote: »

A one stage didn't a lot of HA's insist you were 'fee free' to get on their panel?

Possibly. Sounds like the kind of half-assed requirement those with their graded salaries and final salary pensions would demand of those of us who have to produce to put food on the table.

amnblog

kingstreet wrote: »

Possibly. Sounds like the kind of half-assed requirement those with their graded salaries and final salary pensions would demand of those of us who have to produce to put food on the table.

Do I sense a little edge of bitterness the week after the tax bill has been paid?

kingstreet

amnblog wrote: »

Do I sense a little edge of bitterness the week after the tax bill has been paid?

That was the cherry on the icing.

I'm still jaded from last year TBH.

For over two years it's been 10 - 12 hours a day during the week and 3 - 4 hours at weekend, then every other Sunday I have the phones for the firm as a whole.

I was 50 a couple of weeks ago, so that hasn't helped.

amnblog

50, felt like 100


Have you not seen all the stuff in the press about firms in Sweden switching to 6 hour days and getting more efficient? Apparently, you can spend the rest of your time running around lakes.

TooManyQ's

amnblog wrote: »

Are you saying you have done say £100,000 re-mortgage cases, with no fee?


£310 proc fee less PII, FCA or Network Fees, Less George's share.


With a following wind you might pick up £180 after business costs and tax, and you also get to pick up the risk.

In a nutshell.....yes. Ridiculous I know. My only mild argument to justify my idiocy is to say that when taking on a client, I'd also advise on pensions/any investments/insurance etc as well so the mortgage was almost like a door opener when I was short of clients when I first started. Not being the case now but I have been too set in my ways doing what was easy and not thinking about my business model in a wise way. I suppose my point about straight forward prime remortgages where there is no extra borrowing and rates are aplenty online, charging a fee when the client "could" do something quite simply themselves and not pay it was what I have always struggled to get my head around.

However, reading this thread has made me feel miles better about change so I thank you all.

ACG

I can decorate my hall stairs and landing, but I would always get a decorator in.

TooManyQ's

As a trained gynaecologist, I can decorate my hall from outside my front door and only using the letterbox.......annnnnnywayyyyyy!

ACG

TooManyQ's wrote: »

As a trained gynaecologist, I can decorate my hall from outside my front door and only using the letterbox.......annnnnnywayyyyyy!

Are you taking on new customers? For the decorating I mean.