Not paying mortgage broker fee?

Fraggy_Muffin

I feel incredibly guilty here but the thought is going through my mind. Basically my broker has released the details of what my mortgage is and I've checked online and I can just apply for it myself. It was agreed in principal but I'm so tempted to save £495 and just apply myself even though it's incredibly scummy. Money is tight for me and saving £495 when I'm not obligated to pay other than morally is killing me. What's everyone opinion?

amnblog

If the broker has any sense, they have had you agree terms before doing the research and giving you the recommendation.

If you knew the fee was £495 before work was started you should use the broker and pay the fee.

If you didn't know the fee before work started and had not agreed terms, the broker deserves what they get.

BTW Don't assume identifying a lender and the product is job done.

ACG

I have fee agreements, I dont always use them but seeing this post has made me realise I should.

If the broker did not get anything signed then your right there is nothing stopping you going direct but it is pretty poor to have someone start work for you and then not pay them (whatever the occupation) - contract or not, you made an agreement.

dunstonh

My brokers get the agreement signed prior to starting work. Just in case you get a scummy client that tries to not pay for the work done.

amnblog

I can't think of any other type of business that would 'leave the door open' in this kind of way.

Quite frankly it's ridiculous.

csgohan4

Fraggy_Muffin wrote: »

I feel incredibly guilty here but the thought is going through my mind. Basically my broker has released the details of what my mortgage is and I've checked online and I can just apply for it myself. It was agreed in principal but I'm so tempted to save £495 and just apply myself even though it's incredibly scummy. Money is tight for me and saving £495 when I'm not obligated to pay other than morally is killing me. What's everyone opinion?

If you think 495 is stretching you, I don't think your ready for the life of a home owner where a boiler roof leak issues can cost you 1000's


Hope it works out for you, hope you get what you deserve

Canary_Yellow

If you feel guilty, you already know it's not the right course of action. If you're expecting anyone on here to ease you guilt, you clearly don't know this forum very well!

Whistler23

Disgusting thing to do.

Pay up you tramp!