We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

broker commission on same lender remortgaging

silvercar
silvercar Posts: 49,805 Ambassador
Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
in Mortgages & endowments
Do lenders pay commission to brokers for retaining customers? I have a fixed deal finishing soon and want to know if the lender would pay a broker commission for sorting me out a new deal with the same lender.
I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.

Comments

  • luckyfool
    luckyfool Posts: 1,683 Forumite
    silvercar wrote: »
    Do lenders pay commission to brokers for retaining customers? I have a fixed deal finishing soon and want to know if the lender would pay a broker commission for sorting me out a new deal with the same lender.

    Depends on the lender.
  • dunstonh
    dunstonh Posts: 120,033 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I didnt think they did but I was told recently that some of them do.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • luckyfool
    luckyfool Posts: 1,683 Forumite
    Halifax, Woolwich, Accord, and a few others do. Most dont.
  • Dan_Collins_2
    Dan_Collins_2 Posts: 1,377 Forumite
    More should but only a few, I think more lenders will.
    :confused:
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.8K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture