Arrangement fee - should I wait/shop around?

Gloster_Advise

Sorry could not let this thread go on without speaking out here.

With all due respect minmike2 it depends on the size of company you work for. Not everyone/comoany get get away with a small broker fee and proc fee combined.

Tunnelling fixed fee brokers/packagers into a corner isn't the way forward. If we want to charge £xx fee and the client is happy sobeit.

I am sorry sorry this fee free etc debate makes my blood boil. we turn around very heavy adverse applications in 3-4 weeks and are worth every penny for the borrowers who initially think they are unmortgageable.

Rant over and apologies.

minimike2

I care not the size of the company. 3.5% Broker fee is excessive.

Im not saying do it for free....I wouldnt.....but with that % fee the company should be called !!!!!! Turpin mortgages.

Gloster_Advise

I appreciate that. For sure dependant on the loan size and say whether the criteria fits Igroup on GEM7 !! would certianly determine the extent by which the client is charged.