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Should I be getting a second opinion on what my broker advises?

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  • ACG
    ACG Posts: 24,551 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Nice one.
    It does read like broker one was negative and lazy. Nobody needs that in their life.
    I am a Mortgage Adviser
    You 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.
  • Edi81
    Edi81 Posts: 1,501 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Ties in with why acg and the other brokers on here always say that payment to brokers should be on getting an offer.
  • User1312
    User1312 Posts: 101 Forumite
    Hi Edi, I agree although this particular company was recommended to us and we paid half at the beginning and were due to pay remainder upon offer - which obviously did not happen!
  • note3
    note3 Posts: 291 Forumite
    I've found this an interesting (and worrying read). We checked with our broker that they were whole of market before going with them, however I now see this still doesn't necessarily mean whole of market. How on earth would you know for sure???
  • kingstreet
    kingstreet Posts: 39,256 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    We issue a list of lenders with our terms of business.

    Don't know what others do...
    I am a mortgage broker. You 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. Please do not send PMs asking for one-to-one-advice, or representation.
  • ACG
    ACG Posts: 24,551 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    kingstreet wrote: »
    We issue a list of lenders with our terms of business.

    Don't know what others do...
    Our terms of business is probably more or less identical to yours. On there it says a list can be provided on request, I have only had one person request it.

    Whole of Market can be a little vague, I believe you can get away with being whole of market with around 10-15 lenders where as we are whole of market with over 40 lenders, maybe 50.
    I am a Mortgage Adviser
    You 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.
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