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Broker not finding deal
Sofee3
Posts: 96 Forumite
Hi, I have been in touch with a broker for a remortgage with borrowing more money up to 85%, the deals they came back with weren't as good interest rates as I could find myself, when I asked if they deal with this particular company as their rates were lower they said they checked and the low interest rate was only on current mortgage amount not the additional borrowing, but this isn't correct as I've checked the calculator on their site and it comes out for me.
Why would they say this, should we just go for it ourselves?
Why would they say this, should we just go for it ourselves?
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Comments
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This is a remortgage you are doing, not asking your current lender for increased borrowing?
Which lender and product are you looking at and who holds your current mortgage?I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.1 -
No it's remortgage as on SVR but going to borrow more too as doing renovations. It was Lloyds I saw the deal with, currently with Halifax. Would stay with Halifax if rate was good but it's not.0
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Lloyd's dont deal with brokers so if you want that deal you would need to do it yourself1
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Ah ok that makes sense, thanks for clarifying.0
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bare in mind best buy tables are not always updated, if you want to see their current rates, you need to go their corresponding intermediaries websites for each lender"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP1
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