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  • FIRST POST
    • Eileenpamela
    • By Eileenpamela 12th Feb 18, 11:16 PM
    • 5Posts
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    Eileenpamela
    Interest only mortgages for the retired
    • #1
    • 12th Feb 18, 11:16 PM
    Interest only mortgages for the retired 12th Feb 18 at 11:16 PM
    Why is it that the same building society will allow you to have a mortgage through a mortgage broker where you have to pay a mortgage broker fee, but not consider you for the same mortgage direct with the same building society?
Page 1
    • jamesperrett
    • By jamesperrett 12th Feb 18, 11:41 PM
    • 811 Posts
    • 438 Thanks
    jamesperrett
    • #2
    • 12th Feb 18, 11:41 PM
    • #2
    • 12th Feb 18, 11:41 PM
    One potential reason is that I guess they consider that there is a high risk of being found to be mis-selling with the sort of product you are interested in. They would rather pass that risk on to the broker rather than have to worry about claims against their own advisers.
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