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Broker Advice

Options
Are brokers able to locate a lender that is willing to accept a flying freehold with a indemnity insurance policy.

or is this my job to do the research first?

Do any brokers have any recommendations on where they would place mortgage ?

Comments

  • I would imagine that a good broker will be able to tell you. A quick search did find this though

    https://www.cml.org.uk/lenders-handbook/englandandwales/question-list/1835/
  • is there a site that recommends good brokers
  • ACG
    ACG Posts: 24,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    A brokers job is to do everything, research, apply, deal with the underwriters etc.
    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.
  • My Broker is saying Solisitor will have to check if freeflying freehold is acceptable.

    I did not want to het to that stage and pay all fees to find out no!
  • ACG
    ACG Posts: 24,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    The broker is wrong (or being lazy), they should be checking that before applying otherwise you risking wasting time and money on valuation fees etc.
    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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