What can a broker do that I can't?

BigBoss

K_S said:

BigBoss said:

@ACG @K_S

I ended up sending it anyway, and it cost me £15 for the privilege. Given that my broker charges two small fees (one at application stage and the other if successful + their mortgage fee which is circa 0.5%) is there anyway I can claim back that £15 from them given the unusual circumstances?

Also, is there anyway I can contact the lender and circumvent the broker? I mean it is my data after all.

@bigboss 0.5% proc fee? Which lender is this, I'm not aware of any large high-street lenders that pays anywhere close to that for a residential application, it's usually 0.3-0.4%.

£15 - if you've had to pay due to a mistake by your broker or they've asked you specifically for something that would leave you out of pocket then yes you can ask them. When I ask a client for a credit report I always suggest a 30-day free-trial with CMF or a free statutory report from Experian/Equifax. I wouldn't ever ask them to incur any expense for the same.

Contacting the lender - you can try, some high-street lenders will entertain direct contact from intermediary-applicants but I doubt that would extend to submitting documents, answering queries, etc.

0.3/0/.4 is closer to correct. I was just being slack with the maths.