We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Mortgage in Principle

2»

Comments

  • amnblog
    amnblog Posts: 12,782 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You can read the many posts on here where unfortunate borrowers have spent three hours in branch to then be told no. Those who have been given the wrong information by bank staff. Those who have chosen the wrong lender because they don't know what they don't know.
    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.
  • Steph1993
    Steph1993 Posts: 46 Forumite
    Oh right.
    Tbh we have never thought of going with a broker probably because we wouldn't know where to start finding one. And also I have always associated Brokers with paying fees to them etc so thought it would work out more expensive.
  • amnblog
    amnblog Posts: 12,782 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You have gone direct to the Bank and are already on here because what you have been told does not make sense to you.

    Proper advice pays for itself many times over.
    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.
  • cahillg81
    cahillg81 Posts: 239 Forumite
    I assume you have done a search and barclays have come up as the best lender for you?

    Theyare mostly fine but if you have kids or pensions deductions even debts in the background they are not great.

    Good brokers do charge fees but you pay for a reason. As I said in another post if your brakes on your car go you don't just decide to take it to the local shell garage you'd go and see a mechanic and youw ould pay for that service.

    Back to the OP do you know what lender your broker was applying to for the DIP?
    I am a Mortgage & Protection Broker

    MSE doesn't check my status so you have to take my word for it. Any information posted is for discussion only and should not be seen as advice. I am FCA Registered, registration details available on request.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.8K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 246.9K Work, Benefits & Business
  • 603.4K Mortgages, Homes & Bills
  • 178.2K Life & Family
  • 261K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.