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  • FIRST POST
    • DarrenG8
    • By DarrenG8 7th Mar 18, 12:40 PM
    • 2Posts
    • 0Thanks
    DarrenG8
    use of Broker for small Mortgage
    • #1
    • 7th Mar 18, 12:40 PM
    use of Broker for small Mortgage 7th Mar 18 at 12:40 PM
    Hello All

    First time posting so apologies if I've posted in the wrong place/topic. We are looking to buy a small property and as such would be looking at a relatively small mortgage (approx 85k). Is it worth arranging this through a broker? Would they even be interested in dealing with such a small mortgage?

    Regards

    D
Page 1
    • SharkBite
    • By SharkBite 7th Mar 18, 12:46 PM
    • 40 Posts
    • 26 Thanks
    SharkBite
    • #2
    • 7th Mar 18, 12:46 PM
    • #2
    • 7th Mar 18, 12:46 PM
    I'd hope any broker would be happy to help. Though most would probably charge a fee rather than charge the lender a % of the mortgage.
    • dunstonh
    • By dunstonh 7th Mar 18, 1:22 PM
    • 92,576 Posts
    • 59,881 Thanks
    dunstonh
    • #3
    • 7th Mar 18, 1:22 PM
    • #3
    • 7th Mar 18, 1:22 PM
    85k is a typical sized mortgage in our area. So, whilst you call it small, it may not be depending on your area.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • DarrenG8
    • By DarrenG8 7th Mar 18, 3:19 PM
    • 2 Posts
    • 0 Thanks
    DarrenG8
    • #4
    • 7th Mar 18, 3:19 PM
    • #4
    • 7th Mar 18, 3:19 PM
    I don't call it small LOL, but I thought it might be considered though in the current market
    • flashg67
    • By flashg67 7th Mar 18, 11:27 PM
    • 2,459 Posts
    • 1,609 Thanks
    flashg67
    • #5
    • 7th Mar 18, 11:27 PM
    • #5
    • 7th Mar 18, 11:27 PM
    I arranged 2 mortgages through a broker - one for 50k and one for 41k.
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