What mortgage compare websites do you use?

dean_ham

Hi everyone im a FTB and looking at buying my first home, and im going to view a house tomorrow.

I have been to an independent mortgage advisor which he seems genuine and taken all my details and what sort of mortgage and how much im looking at paying back. He said in principle i will have no problem of getting a mortgage and on my wage i can borrow upto £120,000.

Well the house im viewing tomorrow is up for £80,000 hopefully i can get it for around £75-76k. I have upto £10k deposit aswell. So i will be borrowing £65-£70k.

So what mortgage compare websites do you recommend to use. I have been using http://www.moneysupermarket.com/mortgages/ which is great as its explained exactly how much it will cost over x amount of years etc. I wouldnt mind getting together a list of good buy mortgages and ask the mortgage advisor to match the best deal or compare what he has to offer with the internet deals.

But being my first home i am edging towards going with an mortgage advisor, and he doesnt charge fee's.

So what you reckon guys?

Thanks

Dean

UK007BullDog

Well if your mortgage adviser is a Whole of market adviser you get exactly that, whole of market, so better than the websites.

The websites do not offer the best deals as such, also some of the deals you will find might not fit your requirements or you might not be able to get them. The sites get paid to display the mortgage deals so you never get a visual of the whole market.

I mean you can do that and take them to the adviser and see what comes of it.

However you will probably not get much info as the aim of the website is to get your personal details which are then sold on to the mortgage advisers who will call you, who bought your info as a lead. Leads costs from £15 up to a couple hundred pounds.

As for no fees just talk with them and see if they are willing to haggle. make sure they are registered with the FSA.

dunstonh

But being my first home i am edging towards going with an mortgage advisor, and he doesnt charge fee's.

There will be handful of mortgages that the broker cannot get and there will be some that he can get that you cannot get direct. If different times the internet may beat the broker or the broker may beat the internet.

The advantage for you on the broker service is the hand holding you will get from a good broker. Explanations of what to expect, what to do next, someone you can call if you need help or opinion or can liase with the estate agent and solicitor etc. The main benefit nowadays of a broker is not the deals but the service.

allan673

try moneyfacts, and moneysupermarket to get the best rates. also look at first directs website.
get the best rate that suits you, then work out the costs with a mortgage calculator, such as
http://www.jeacle.ie/mortgage/uk/

just have a general look around the market, ive just remortgaged with first direct with a 10 year fix at 5.15%

find the best deal you can, and then see if a financial advisor can beat it? they couldnt in my case so i did it myself - very easy.if you decide on first direct their customer services are second to none.and financial advisors cant get first direct mortgages.

maveli

UK007BullDog wrote: »

Well if your mortgage adviser is a Whole of market adviser you get exactly that, whole of market, so better than the websites.

In my experience there is no such thing exists whao can claim whole of market. Most of them only represents the one for which they get a commission. Try to see how many of them will recommend First direct or HSBC..

dunstonh

maveli wrote: »

In my experience there is no such thing exists whao can claim whole of market. Most of them only represents the one for which they get a commission. Try to see how many of them will recommend First direct or HSBC..

You fail to differentiate between independent and whole of market advisers. Indpendents do not rely on commission as you pay a fee (and commission, if any, is rebated or offset against fee). Whole of market advisers are paid by commission (unless you choose fee) so you should expect them to use commission payable providers.

Some lenders will not accept business from brokers. I understand FD are one of these.

Dan_Collins_2

Die brokers DIE!!!

jedimonkey

http://www.fsa.gov.uk/tables

dwsjarcmcd

Moneysupermarket.com is not a true comparison site. It has deals from the lender that pays for the click, or generates a lead for a broker who buys it. The sooner it is regulated the better as far as I'm concerned. The only 'comparison' site with a shred of credability is https://www.moneyfacts.co.uk

IMHO anyway, David