Same Lender but different interest rates

jacsll55

I have had few agreements in principle of few brokers/agents
I see that on 2 of them the lender is the same bank but the agents have given me different interest rates.
Eg broker trussle has offered me 1.89% from platform (Co-op)
broker fluent money has offered me 2.59% from platform (Co-op)

How is that possible? same bank, same borrower but different rates, why?

haras_nosirrah

what do the fees involved in the mortgage look like?

jacsll55

Hi,
The fees are £1299 for one and £1499 for the other.

[Deleted User]

It's because they're different products.

[Deleted User]

I want to try replicate it. I cant see a £1299 product on the website

Residential or BTL?
Amount owed and property value?
Term of loan?

ACG

One broker may be using the cheapest rate, the other the cheapest product.

Most people look at rates, but when discussed most people want the cheapest product - in 7-8 years I have only ever had one person want the cheapest repayments regardless of fees and it was a single lady who wanted to keep her expenses to an absolute minimum each month as it was just her.