Discussion
Sarnie said:
Indeed, one of the benefits of using a broker is that they are then responsible for the advice and can handle a lot of process for you, which they take responsibility for.
Apply direct, the lender now HAS to give advice and therefore has to satisfy themselves that your application is viable......queue 2 weeks to get a phone appointment with some lenders (HSBC for example) or 3 hours on the phone explaining how much it costs to send your son to scouts each month........
Good to know. That is motivation enough for me to use a broker next time.Apply direct, the lender now HAS to give advice and therefore has to satisfy themselves that your application is viable......queue 2 weeks to get a phone appointment with some lenders (HSBC for example) or 3 hours on the phone explaining how much it costs to send your son to scouts each month........
Muncher said:
I'm currently mulling over some remortgage options for secondary products I have with my lender. Been offered a 2 year offset fixed at 1.99% or a 5 year offset fixed at 2.54%.
Would you pay the 0.55% extra for another 3 years of certainty in the current climate?
Yes I would but im chicken sWould you pay the 0.55% extra for another 3 years of certainty in the current climate?
t and prefer the playing safe option every time. 
scottri said:
Sarnie said:
Indeed, one of the benefits of using a broker is that they are then responsible for the advice and can handle a lot of process for you, which they take responsibility for.
Apply direct, the lender now HAS to give advice and therefore has to satisfy themselves that your application is viable......queue 2 weeks to get a phone appointment with some lenders (HSBC for example) or 3 hours on the phone explaining how much it costs to send your son to scouts each month........
Good to know. That is motivation enough for me to use a broker next time.Apply direct, the lender now HAS to give advice and therefore has to satisfy themselves that your application is viable......queue 2 weeks to get a phone appointment with some lenders (HSBC for example) or 3 hours on the phone explaining how much it costs to send your son to scouts each month........
FGB said:
I got half way through a remortgage process with HSBC. When they said I would have to do a phone interview I just stopped the process.
You would have thought I was looking for half a billion!
Appears to be standard practice with them. The decision in principle seems to perform a 'soft' credit check but the phone interview will do a full check.You would have thought I was looking for half a billion!
Jockman said:
FGB said:
I got half way through a remortgage process with HSBC. When they said I would have to do a phone interview I just stopped the process.
You would have thought I was looking for half a billion!
Appears to be standard practice with them. The decision in principle seems to perform a 'soft' credit check but the phone interview will do a full check.You would have thought I was looking for half a billion!
I fixed for five years (last week) with a modest fee and with an unadvised direct service. Yes, there was a small premium over current base, but over the period, I'm hoping it'll start paying off before the half-way point. If I wasn't in the business, I'd bear in mind that a broker fee can offer peace of mind and security.
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