Impartial advice please - is this mortgage offer any good?

Amber07

Dan_Collins wrote: »

I am not so sure that the rate can be beaten but we cant see your credit file so we shall never know!

The broker is being lazy becasue your a recomended client. He should have given you a KFI before you applied let alone get a mortgage offer!

I am also guessing he went via a packager, Beacon are a lender that a packager would use more so than direct. They would have dont a credit check and in most cases giving him a choice of 3 deals. He has gone for rate over term and fees. Thing is you have no time but I would want to see his research. He should have a copy so just ask becasue he should have given it to you anyway!

Balance sheet lenders are actually a better bet than say GMAC who sell mortgage books on to make money. You are less likely to be affected by the credit crunch because they wont be trying to sell the books on.

You broker is in my opinion a typical fee charging lazy so and so. Probably not bad avice just lazy service.

I also would think about getting rid of your debt.

I did have the opinion he was a bit lazy tbh - he sent the surveyor in for us, and got the report, but it took 5 weeks of phoning before we got to see a copy (even then, he still hasn't actually sent it, I found a photocopy of the survey in the package from Beacon):rolleyes:

I will take your advice and ask for a copy of his research. (didn't see any other deals the day we were in to see him, apparently the computers were down)

I certainly won't be recommending his services to anyone, that's for sure!

Thanks for your help

Dan_Collins_2

Amber07 wrote: »

I did have the opinion he was a bit lazy tbh - he sent the surveyor in for us, and got the report, but it took 5 weeks of phoning before we got to see a copy (even then, he still hasn't actually sent it, I found a photocopy of the survey in the package from Beacon):rolleyes:

I will take your advice and ask for a copy of his research. (didn't see any other deals the day we were in to see him, apparently the computers were down)

I certainly won't be recommending his services to anyone, that's for sure!

Thanks for your help

NP Amber, plenty of lazy brokers out there. Your deal does not look that bad for poor credit, it sjust fair you get a poor service. Thing is his packager is also giving him a poor service as they do the valuation report!

Good luck though!