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Mortgage broker charges
Adamandeden
Posts: 1 Newbie
We had a visit from a mortgage broker last night who after discussing our requirements for remortgaging said he charged a one off lifetime fee of £1900. For this he'd arrange our mortgage and call back every couple of years to help us remortgage with no extra fees. Is this normal? Thanks.
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Comments
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1900 sounds pretty high to be fair, especially if you have a fairly straightforward case.0
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£1900 is ridiculously high unless you are a mega complicated case.
I dont agree with lifetime fees, what happens if he moves firms, the firm closes/gets bought out? If the broker is a one man band, what happens if they become ill/retire?
Pay for the job today, if you need/want him down the line, pay for him again at that point.I am a Mortgage AdviserYou 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.0 -
good grief.
Run a mile.0
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