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  • FIRST POST
    • jacsll55
    • By jacsll55 15th Jan 20, 1:17 PM
    • 7Posts
    • 2Thanks
    jacsll55
    Same Lender but different interest rates
    • #1
    • 15th Jan 20, 1:17 PM
    Same Lender but different interest rates 15th Jan 20 at 1:17 PM
    I have had few agreements in principle of few brokers/agents
    I see that on 2 of them the lender is the same bank but the agents have given me different interest rates.
    Eg broker trussle has offered me 1.89% from platform (Co-op)
    broker fluent money has offered me 2.59% from platform (Co-op)

    How is that possible? same bank, same borrower but different rates, why?
Page 1
    • haras_nosirrah
    • By haras_nosirrah 15th Jan 20, 1:22 PM
    • 2,107 Posts
    • 3,339 Thanks
    haras_nosirrah
    • #2
    • 15th Jan 20, 1:22 PM
    • #2
    • 15th Jan 20, 1:22 PM
    what do the fees involved in the mortgage look like?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • jacsll55
    • By jacsll55 15th Jan 20, 1:31 PM
    • 7 Posts
    • 2 Thanks
    jacsll55
    • #3
    • 15th Jan 20, 1:31 PM
    • #3
    • 15th Jan 20, 1:31 PM
    Hi,
    The fees are 1299 for one and 1499 for the other.
    • zx81
    • By zx81 15th Jan 20, 1:33 PM
    • 24,794 Posts
    • 27,681 Thanks
    zx81
    • #4
    • 15th Jan 20, 1:33 PM
    • #4
    • 15th Jan 20, 1:33 PM
    It's because they're different products.
    • JMA74
    • By JMA74 15th Jan 20, 1:35 PM
    • 1,079 Posts
    • 777 Thanks
    JMA74
    • #5
    • 15th Jan 20, 1:35 PM
    • #5
    • 15th Jan 20, 1:35 PM
    I want to try replicate it. I cant see a 1299 product on the website

    Residential or BTL?
    Amount owed and property value?
    Term of loan?
    I am a Mortgage Adviser

    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • ACG
    • By ACG 15th Jan 20, 1:46 PM
    • 19,866 Posts
    • 11,397 Thanks
    ACG
    • #6
    • 15th Jan 20, 1:46 PM
    • #6
    • 15th Jan 20, 1:46 PM
    One broker may be using the cheapest rate, the other the cheapest product.

    Most people look at rates, but when discussed most people want the cheapest product - in 7-8 years I have only ever had one person want the cheapest repayments regardless of fees and it was a single lady who wanted to keep her expenses to an absolute minimum each month as it was just her.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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