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Use a broker or not....
mcmillk
Posts: 8 Forumite
We have just had an offer accepted on a property and as soon as the chain completes we will apply for the mortgage.
60% LTV borrowing approx half of our upper borrowing limit. We are talking to the FA from our vendors estate agent later, however its been a number of years since we have bought/sold property and we aren't really sure if its worth going through a broker or applying independently (we have seen a 5yr fixed deal that suits our needs). Any advice for stressed out seller/vendor ;-)
60% LTV borrowing approx half of our upper borrowing limit. We are talking to the FA from our vendors estate agent later, however its been a number of years since we have bought/sold property and we aren't really sure if its worth going through a broker or applying independently (we have seen a 5yr fixed deal that suits our needs). Any advice for stressed out seller/vendor ;-)
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Comments
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@mcmillk There isn't enough information to say whether you need a broker or not. If it's the fact that you think your circumstances are normal enough that you don't need to (or don't want to) pay a fee, there are plenty of fee-free brokers listed on the MSE mortgage guide, you could try one of them.Definitely check out your options before using an estate-agent broker who isn't whole of market and charges a high fee. If you do opt for a fee-charging broker, try to find one that only charges on offer. Good luck!
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.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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