help - mortgage broker in london

miche

hi
would anyone be able to recommend an independent mortgage adviser based in london?
thanks
michelle

Joannaclaire

Try these guys:

http://www.lcplc.co.uk/

We hope to go through them when and if we ever find a place, as they don't charge a fee.

Fairdo_2

Technically, because they do not offer the option of charging a fee, my understanding of the rules means that they cannot actuaaly call themselves Independent Mortgage Advisers. However, this shows how strange the system now can be, as they do have a very good reputation and I would be confident about their impartiality.

payless

The firm mentioned is not London based - instead they offer a telephone service

This might be all you need, but if you want face to face advice you may still need alternatives

Some people like to deal with the larger brokers ( possible more exclusives , but then I have my own view on those , possibly feeling safer dealing with a larger outfit ? ) others prefer to deal with smaller firms - perhaps where a more long term personal relationship can be built, with the owner/ partner who may have a greater incentive to build this type of relationship

I'm not sure about the location of the other brokers who help here by regularly answering questions ( I'm not in London)

herbiesjp

Are you looking for central London or outer London?

miche

thanks for your replies. this goes to payless and fairdo. this may sound a silly question but does credit checks by various lenders affect your credit scoring? should one say yes, and another decline, would the third one take the second lender's decision into account? hope this makes sense.

miche

thanks for your replies. this goes to payless and fairdo. this may sound a silly question but does credit checks by various lenders affect your credit scoring? should one say yes, and another decline, would the third one take the second lender's decision into account? hope this makes sense.

miche

central or north london, really.

payless

miche wrote:

thanks for your replies. this goes to payless and fairdo. this may sound a silly question but does credit checks by various lenders affect your credit scoring? should one say yes, and another decline, would the third one take the second lender's decision into account? hope this makes sense.

Don't think the outcome of a credit check itself will influence a decision of another lender, but it is thought that if too many checks are carried out in a short space of time it may effect some lenders credit scoring? how true is another question, but personally I would not push it

If planning on future purchase- Get one done/ agreement in principle if you think worthwhile ( I often don't bother, but will depend on you / brokers thoughts of your likely credit rating) now from a major lender and so long as accepted, don't bother again until you ( or your broker) have settled a a deal ( maybe not even with that lender)