Do mortgage advisors have access to better rates

Imlovingit_2

Hi All
My mortgage is due for renewal at the end of March and after spending a lot of time reading all of the posts on here I was ready to pick the product that was right for me which is a 5 year fixed from Nationwide (loyalty product).

My question is - do whole of market Mortgage advisors or IFA have access to better rates from the likes of Nationwide or other lenders than I have?

Thanks in advance for your replies

AndrewSmith

Why not contact a local broker and find out? Make sure they are fees free.

If you show them the details of the Loyalty product you have been offered, they get them to compare it with whatever else is on the mortgage market applicable to you.

The answer is that it varies depending on the individual case. At worst they will be able to show you what you already have and, if you go via the broker, offer full indemnity protection against the advice given.

Dan_Collins_2

Search the forum and you will find more info than you need on the matter. It is a common question.

sarkin

I believe the Post Office, Giraffe and First direct have better rates than brokers at the momment

AndrewSmith

sarkin wrote: »

I believe the Post Office, Giraffe and First direct have better rates than brokers at the momment

Impossible to say without knowing the case specifics. Depends on what the client is looking for and their acceptability to the lender's criteria.

jediknightwarrior

Have a look at these threads

http://forums.moneysavingexpert.com/showthread.html?t=785705

http://forums.moneysavingexpert.com/showthread.html?t=696129

maryjane01

It depends on your situation. When I got a mortgage 18 months ago the best deal for me was through a broker with RBS. Going direct to RBS they had the same deal but with a higher lending charge (no HLC through the broker). When it is time for me to remortgage in September I will do my own research as there are some lenders that do not use brokers (I think First Direct and HSBC are 2), but I will also go to a broker to see what deals they have access to that are not on the open market.