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Same Lender but different interest rates
jacsll55
Posts: 76
Forumite
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?
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?
0
Comments
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what do the fees involved in the mortgage look like?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.0 -
Hi,
The fees are £1299 for one and £1499 for the other.0 -
It's because they're different products.0
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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?0 -
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.I am a Mortgage AdviserYou 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.0
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