Recommend a broker

James-may

Hi, I'm not sure if it's allowed, but does anyone have any recommendations for a broker to help me buy my first house.
I'm looking for a 5% deposit place and will have the deposit 4 weeks from now.
But have a dro that will drop off my file in may/June time after its 6 years.
Ideally I'd like as little as possible upfront.
But don't mind a fee if I get a better deal or faster, better service.
I really know not a lot about all of this, and think a broker may make things simpler from my point of view.
Thanks for any help.

MovingForwards

Some of us have used the brokers who comment of the threads.
As I've adverse history I used @ACG

ukri

I second that. There are only a few brokers on this forum and they are all clearly knowledgeable and experienced - @ACG, @K_S, @Deleted_User and @kingstreet.

Except for kingstreet the rest do advise forumites so I would say just DM them, ask about their terms, and see whom you prefer. I used one of them for my last mortgage and they were really good with setting me up with a very decent rate with a quite complex background. 

ACG

MovingForwards said:

Some of us have used the brokers who comment of the threads.
As I've adverse history I used @ACG

Thanks. But I am not sure this is one for me.
We are pretty much booked up at the minute so I have to be selective with what we take on. I am not confident this could be placed at 95%. It will be interesting to see what these 95% products look like over the next week or 2. 

Fitting criteria is one thing, but a lot of companies hold internal records going back more than 6 years, some lenders ask if you have ever been bankrupt so this could be quite tricky to overcome. Until I get to grips with the 95% products/criteria as I am lead to believe it will be more restrictive we are probably not going to be doing 95% mortgages for a few weeks. 

James-may

ACG said:

MovingForwards said:

Some of us have used the brokers who comment of the threads.
As I've adverse history I used @ACG

Thanks. But I am not sure this is one for me.
We are pretty much booked up at the minute so I have to be selective with what we take on. I am not confident this could be placed at 95%. It will be interesting to see what these 95% products look like over the next week or 2. 

Fitting criteria is one thing, but a lot of companies hold internal records going back more than 6 years, some lenders ask if you have ever been bankrupt so this could be quite tricky to overcome. Until I get to grips with the 95% products/criteria as I am lead to believe it will be more restrictive we are probably not going to be doing 95% mortgages for a few weeks. 

No problem, thanks for looking though.

K_S

James-may said:

Hi, I'm not sure if it's allowed, but does anyone have any recommendations for a broker to help me buy my first house.
I'm looking for a 5% deposit place and will have the deposit 4 weeks from now.
But have a dro that will drop off my file in may/June time after its 6 years.
Ideally I'd like as little as possible upfront.
But don't mind a fee if I get a better deal or faster, better service.
I really know not a lot about all of this, and think a broker may make things simpler from my point of view.
Thanks for any help.

@james-may With a DRO discharged over 6 years ago, in June you *should* theoretically have access to at least a few mainstream lenders. The pool of potential lenders will also depend on the specifics of your past creditors. 

If you're happy to wait for the DRO to fall off, it's probably a bit too early to approach a broker at this point as we don't really know too much about the criteria for the 95% products yet. I would suggest waiting till it's closer to June before approaching a broker. By then, it should be pretty clear.

MovingForwards

@ACG I had a feeling you were still swamped, which is why I'm not tagging you much 🤫

James-may

K_S said:

James-may said:

Hi, I'm not sure if it's allowed, but does anyone have any recommendations for a broker to help me buy my first house.
I'm looking for a 5% deposit place and will have the deposit 4 weeks from now.
But have a dro that will drop off my file in may/June time after its 6 years.
Ideally I'd like as little as possible upfront.
But don't mind a fee if I get a better deal or faster, better service.
I really know not a lot about all of this, and think a broker may make things simpler from my point of view.
Thanks for any help.

@james-may With a DRO discharged over 6 years ago, in June you *should* theoretically have access to at least a few mainstream lenders. The pool of potential lenders will also depend on the specifics of your past creditors. 

If you're happy to wait for the DRO to fall off, it's probably a bit too early to approach a broker at this point as we don't really know too much about the criteria for the 95% products yet. I would suggest waiting till it's closer to June before approaching a broker. By then, it should be pretty clear.

Thanks for the advice.

ACG

MovingForwards said:

@ACG I had a feeling you were still swamped, which is why I'm not tagging you much 🤫

It is why I have not been on here as much as normal. 
Im sure we will get back to normal soon enough.