Should I pay for remortgage offers now?

Jmoo

So my fixed rate runs out in six months, I am currently on a 4% deal. I have been approached by a company through Money Saving Expert's website to look for current deals and they will charge me £250. Now I'm sceptical they're going to find anything below an extra £250 a month judging by comparison websites. So paying £250 seems a lot at this point, given we have some breathing space until February.

However I'm aware mortgages could go higher.

They're also incredibly pushy about wanting to offer us new life insurance and insurance for work, which I'm not particularly interested in as we already have some deals. They also want an incredible amount of information we've not previously provided to companies - like our life cover, our EPC rating, our sick pay data, our storecard information, etc.

Is it worth pursuing? 

Sncjw

What do you mean you were approached by a company through Mse? 

Newbie_John

Jmoo said:

So my fixed rate runs out in six months, I am currently on a 4% deal. I have been approached by a company through Money Saving Expert's website to look for current deals and they will charge me £250. Now I'm sceptical they're going to find anything below an extra £250 a month judging by comparison websites. So paying £250 seems a lot at this point, given we have some breathing space until February.

However I'm aware mortgages could go higher.

They're also incredibly pushy about wanting to offer us new life insurance and insurance for work, which I'm not particularly interested in as we already have some deals. They also want an incredible amount of information we've not previously provided to companies - like our life cover, our EPC rating, our sick pay data, our storecard information, etc.

Is it worth pursuing? 

No, all sounds dodgy.

Jmoo

Sncjw said:

What do you mean you were approached by a company through Mse? 

The Financial Advice Centre run the mortgage comparison tool of MSE. So I filled it in expecting figures and it just fired off a call with them.

chanz4

why not just compare online, or see what renewal product your lender asks?

chanz4

Newbie_John said:

Jmoo said:

So my fixed rate runs out in six months, I am currently on a 4% deal. I have been approached by a company through Money Saving Expert's website to look for current deals and they will charge me £250. Now I'm sceptical they're going to find anything below an extra £250 a month judging by comparison websites. So paying £250 seems a lot at this point, given we have some breathing space until February.

However I'm aware mortgages could go higher.

They're also incredibly pushy about wanting to offer us new life insurance and insurance for work, which I'm not particularly interested in as we already have some deals. They also want an incredible amount of information we've not previously provided to companies - like our life cover, our EPC rating, our sick pay data, our storecard information, etc.

Is it worth pursuing? 

No, all sounds dodgy.

Newbie_John said:

Jmoo said:

So my fixed rate runs out in six months, I am currently on a 4% deal. I have been approached by a company through Money Saving Expert's website to look for current deals and they will charge me £250. Now I'm sceptical they're going to find anything below an extra £250 a month judging by comparison websites. So paying £250 seems a lot at this point, given we have some breathing space until February.

However I'm aware mortgages could go higher.

They're also incredibly pushy about wanting to offer us new life insurance and insurance for work, which I'm not particularly interested in as we already have some deals. They also want an incredible amount of information we've not previously provided to companies - like our life cover, our EPC rating, our sick pay data, our storecard information, etc.

Is it worth pursuing? 

No, all sounds dodgy.

brokers dont work for free

CSI_Yorkshire

chanz4 said:

Newbie_John said:

Jmoo said:

So my fixed rate runs out in six months, I am currently on a 4% deal. I have been approached by a company through Money Saving Expert's website to look for current deals and they will charge me £250. Now I'm sceptical they're going to find anything below an extra £250 a month judging by comparison websites. So paying £250 seems a lot at this point, given we have some breathing space until February.

However I'm aware mortgages could go higher.

They're also incredibly pushy about wanting to offer us new life insurance and insurance for work, which I'm not particularly interested in as we already have some deals. They also want an incredible amount of information we've not previously provided to companies - like our life cover, our EPC rating, our sick pay data, our storecard information, etc.

Is it worth pursuing? 

No, all sounds dodgy.

brokers dont work for free

A good broker isn't going to try and push storecards, home insulation, or insurance.  Particularly not going to ask for a whole tranche of relatively unimportant information at first contact.

Sg28

Block the number

ACG

They are charging £250. 
Saving you £250 a month is £6k in 2 years. Surely you would be looking at closer to £15 a month to be better off or £5 a month if on a 5 year fixed rate. 

However, putting that to one side you are assuming a broker is a price comparison service. It isnt. 
You do not need a broker to find a cheapest deal. Anyone can do that. 

A broker is there to find you a good deal, make sure you/the property fit criteria, you pass affordability and ensure it goes smoothly. If there is a problem you have someone on your side fighting your corner. 


EPC rating, is something that is being asked for by some lenders now. 
Store card information would have been needed in the past, I have been a broker for 11-12 years and I have always collected that information. 
Sick pay is to look for insurance, you can refuse to provide that I suppose. Ask them to limit their scope to just mortgages. 

If you dont want to deal with the firm, tell them. They will/should stop mithering you. 

If you want a price comparison service you have this site.