Anyone have experience of Nottingham Mortgage Services?

birdboy89

Hi, does anyone have any experience of using Nottingham Mortgage Services?

I have my LISA with The Nottingham Building Society and as one of my membership "rewards" after holding money with them for over a year I get free access to Nottingham Mortgage Services which according to their website searches the whole of the market (60+ lenders – cost to non-members £299).

As some background we are an early 30’s FTB couple currently renting and earning approximate £50,000 between us in permanent "secure" jobs. Likely to be looking at 85-90% LTV mortgages in our area on a property costing in the region of £180,000-£220,000. We have no debts etc and want to borrow less than 4x salary so not expecting any real difficulties and already have a basic AIP from L&C as recommended by MSE but to be honest as FTBs we might appreciate a bit more handholding than they seem to provide! Hence wondering if Nottingham Mortgage Services might fit the bill or if its better to consider a real local broker etc?  They do also have a branch locally which may come in handy although that may be less relevant at the moment than normal…

 Thanks for any advice received.

K_S

@birdboy89 I haven't heard of them but from what I can see they will likely provide a better service than the volume brokers. Unless you want face-to-face advice (and someone is offering that locally), the broker being local or not doesn't really make any difference imho.

birdboy89

Thanks @K_S that was my thinking. We've started resisting with estate agents given how fast houses are going and they're already trying to off load us onto their "tame" Mortgage Brokers and we haven't even viewed anywhere yet!

K_S

@birdboy89 Well done I've nothing against EA brokers but just watch out for them being panelled (not whole of market) and charging an unnecessarily high-fee payable at application. If you do opt to go with a fee-charging broker, try making sure that the fee is only payable on receipt of the mortgage offer.