Adverse broker and fees

Kiwistrawb1990

obc18 said:

Thanks for the reply, we’re in East of England so I think we’re well within the cap. Just these PDLs and CCJ seem to be the spanner in the works. From my research I’m guessing it’s going to be Precise or Aldermore or someone niche like them. But will leave that up to the pros!

Thanks again

I've used payday loans a lot in the last 2 years, although nothing recently I think the last one was paid off Dec 2019. We have successfully got a mortgage with a high street lender. Think the CCJ may be an issue there though. Good luck. This forum scared the living daylights out of me so if I can offer any advice it'd be to stay away from it while you're awaiting your decision x

obc18

Kiwistrawb1990 said:

obc18 said:

Thanks for the reply, we’re in East of England so I think we’re well within the cap. Just these PDLs and CCJ seem to be the spanner in the works. From my research I’m guessing it’s going to be Precise or Aldermore or someone niche like them. But will leave that up to the pros!

Thanks again

I've used payday loans a lot in the last 2 years, although nothing recently I think the last one was paid off Dec 2019. We have successfully got a mortgage with a high street lender. Think the CCJ may be an issue there though. Good luck. This forum scared the living daylights out of me so if I can offer any advice it'd be to stay away from it while you're awaiting your decision x

Hi, thanks for the advice luckily we’ve never used payday loans before, this was just a one off before Xmas. Annoying the plot we like turned up out of the blue in January and we realised the damage they PDL had caused to our profiles. It was paid off straight away and we’ll never touch them again!
Amazing for you to get a high street deal :-)

kingstreet

As a broker who works with builders specialising in newbuild and HTB I'd say you should be able to avoid broker fees altogether. As an example, we charge no fee to those introduced by our builder contacts and that is representative of the newbuild market as a whole, regardless of status. You intend to buy a newbuild using HTB so why not look for your likely builder(s) then find out their preferred brokers? The builders will insist you speak to them at some point, so why not use their expertise ahead of the game under the guise of "getting qualified?"
I can't see any downside as you can always look for other options when you have exhausted the above.

obc18

kingstreet said:

As a broker who works with builders specialising in newbuild and HTB I'd say you should be able to avoid broker fees altogether. As an example, we charge no fee to those introduced by our builder contacts and that is representative of the newbuild market as a whole, regardless of status. You intend to buy a newbuild using HTB so why not look for your likely builder(s) then find out their preferred brokers? The builders will insist you speak to them at some point, so why not use their expertise ahead of the game under the guise of "getting qualified?"
I can't see any downside as you can always look for other options when you have exhausted the above.

Thanks Kingstreet, to be honest our developer has not once mentioned or recommended us to a broker or solicitor or anything like such. They aren't set up in the same commercial way as the big-name builders as they specialise in affordable housing - I'm not sure if that has anything to do with it perhaps. But definitely worth asking, I'll give the sales lady a call today.

kingstreet

We're only small/medium-sized and we have one national builder and three others so pretty much all builders and housing associations will have someone they trust to make sure purchasers are proceedable.