Feedback on new brokers in mortgage article

Dan_1976

LOL I meant IDD, I have been away for a few months and it all goes lol!

Sounds about right Sarkin. I am not sure if they have to mention fee paying options online.

I am sure Martin Lewis, consumer champ would not let a company use his site if they were missleading the consumer!

MSE_Martin

Hi

First of all let me clarify someting.

There is NO commercial relationship between MSE and Mortgage Monitor. You can tell this as the link DOESN'T have a * by it. (I would've thought some of the regulars above would've noted this). Not that having an affiliate link changes the recommendations in any case.

The company was introduced in the article as it fulfilled the size and scale requirements to handle MSE traffic as well as being whole of market and fees free.

The whole point of having this feedback thread is to allow feedback to come (and I admit this should've been spotted earlier). The issue over independence and use of my image is something I will check out. If necessary I will report the breach to the FSA if it is a breach, but more importantly will make instant note to Mortgage Monitor and request why its doing so.

I do wish people would stop seeing conspiracy anywhere. The entire point of this thread is to feedback on companies we have no feedback on. I wish some of the regulars had simply PM'd me and we'd have sorted this out ages ago.

If we don't get this cleared up in a few days I will simply delete Mortgage Monitor from the guide.

Martin

Former_MSE_Dan

Hi folks,

Thanks for the feedback. If someone could let me know where Mortgage Monitor's site says it is independent, that would be great. I have searched around its site for this wording and have been unable to find it.

Thanks

Dan

Leon_W

Hi Dan

The thread is pretty old, but I can inform you that not long after my posts above regarding the non compliant and miss-leading nature of Mortgage Monitors website, someone obviously took this onboard and made the necessary changes, removing all references to being independent.

So good on them really for acting swiftly.

Regards

payless

don't know who they are .. but I do wonder why they get a mention... they don't seem to offer anything special.

Anyway they could do with looking at their scrolling lender list - think a few of them have gone to the wall already

mark55man

I called them, they were very polite, gathered required information promptly. called me back when they said they would, and even identified I was possibly on the market a little early.

However, the rate they offered me C&G was not the best on the market which for a 10 yr fix, is currently Leeds (unless they know something I don't)

I will reserve judgement until next month when I should be in play a little more seriously

Ian_Griffiths_Halifax

I have looked over their website and they HAVE NOT removed all reference to being independent, however, they DO give the option of paying them a fee of 0.5% of the loan amount as an arrangement fee.

As long as their IDD confirms this, then they are not breaking any rules IMO.

Steff

All,
I wanted to provide some feedback after using Mortgage Monitor yesterday.

I was a little concerned that registering with them may include a credit check (mine is very good but wont stay that way with willy nilly checks) so I asked them to clarify - they dont do one initially by the way!

I received a very prompt, helpful reply from one of the advisors there who proceeded to look at my current mortgage deal and look at ways of finding a better mortgage deal for me. He was pleasant, polite and helpful.

The whole experience was prompt, helpful and extremely good in my opinion - despite the news not being that great for me unfortunately!

I would recommend anyone using them - you really have nothing to lose!

The main benefit for me was that I got the information I needed and wanted (negative though it was) within a couple of hours as opposed to seeing an IFA and my Mortgage Broker at my current bank - which could take an age to arrange.

Thanks Mortgage Monitor - hopefully when I am in a better position with my mortgage I will use your services again!
Steff :T

koexelek

Steff wrote: »

The whole experience was prompt, helpful and extremely good in my opinion - despite the news not being that great for me unfortunately!

This is what people want in the current climate.

No points trying to raise people's hopes if there aren't any... best to tell it as it is

jrs101

Hi there,

Has anyone had any personal experience of using London and County for remortgaging?