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Remortgaging buy to let
bigbeff
Posts: 1,119 Forumite
Hi all,
Can anybody help? I'm remortgaging my buy to let property. I was talking to a broker who got me a mortgage in principle, but failed to inform me of his fees to take out the mortgage. My question is, now I know I have the mortgage in principle and have the document, would it be wrong to go straight to the company and save myself £500? I know there is the mortgage fee and valuation fee anyway. I just wasn't expecting his fee to set it up.
Any advice helpful. Thanks.
Can anybody help? I'm remortgaging my buy to let property. I was talking to a broker who got me a mortgage in principle, but failed to inform me of his fees to take out the mortgage. My question is, now I know I have the mortgage in principle and have the document, would it be wrong to go straight to the company and save myself £500? I know there is the mortgage fee and valuation fee anyway. I just wasn't expecting his fee to set it up.
Any advice helpful. Thanks.
Debt busting 2022 Total £15842.68 £0 (100% paid since 1/1/22)
- DFD: September 1st 2023[/b]
Savings diary: https://forums.moneysavingexpert.com/discussion/6472040/time-to-build-my-future#latest
0
Comments
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Does the lender concerned accept direct business?
Many BTL specialists don't.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.0 -
It's the mortgage works... I don't know?Debt busting 2022 Total £15842.68 £0 (100% paid since 1/1/22)
- DFD: September 1st 2023[/b]
Savings diary: https://forums.moneysavingexpert.com/discussion/6472040/time-to-build-my-future#latest
0 - DFD: September 1st 2023[/b]
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As far as I am aware, TMW is broker-only.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.0
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bigbeff said:Hi all,
Can anybody help? I'm remortgaging my buy to let property. I was talking to a broker who got me a mortgage in principle, but failed to inform me of his fees to take out the mortgage. My question is, now I know I have the mortgage in principle and have the document, would it be wrong to go straight to the company and save myself £500? I know there is the mortgage fee and valuation fee anyway. I just wasn't expecting his fee to set it up.
Any advice helpful. Thanks.Sounds like you've been particularly unlucky. Before I found my current broker, I've spoken to many over the past decade and they've always been upfront about their fee and also included it in the illustration they sent when recommending a mortgage.I've never come across a broker who hid their fee until the AIP stage, it's kind of pointless isn't it.Going back to your question, there's nothing stopping you from using TMW direct https://www.tmwdirect.co.uk/contact-us/book-an-appointment or using a free broker now that the important bit of identifying the right lender is done.If you're going for one of the free brokers, take care to avoid Habito, they seem to be in a spot of bother. https://forums.moneysavingexpert.com/discussion/6375374/habito-mortgage-brokers-in-trouble#latest
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Blimey I'm having a mare today. I couldn't find a direct offering on the TMW site.simon_or said:bigbeff said:Hi all,
Can anybody help? I'm remortgaging my buy to let property. I was talking to a broker who got me a mortgage in principle, but failed to inform me of his fees to take out the mortgage. My question is, now I know I have the mortgage in principle and have the document, would it be wrong to go straight to the company and save myself £500? I know there is the mortgage fee and valuation fee anyway. I just wasn't expecting his fee to set it up.
Any advice helpful. Thanks.Going back to your question, there's nothing stopping you from using TMW direct https://www.tmwdirect.co.uk/contact-us/book-an-appointment or using a free broker now that the important bit of identifying the right lender is done.If you're going for one of the free brokers, take care to avoid Habito, they seem to be in a spot of bother. https://forums.moneysavingexpert.com/discussion/6375374/habito-mortgage-brokers-in-trouble#latestI 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.0 -
Thanks. It is much appreciated 🙂Debt busting 2022 Total £15842.68 £0 (100% paid since 1/1/22)
- DFD: September 1st 2023[/b]
Savings diary: https://forums.moneysavingexpert.com/discussion/6472040/time-to-build-my-future#latest
1 - DFD: September 1st 2023[/b]
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