Discussion
My personal opinion is all the deals are out there are relatively easy to find and apply for yourself without a broker, I haven't used one since my very first mortgage.
I am not knocking the service they offer, rather if it's a pretty straight forward application where you are confident the person's credit history, income and expenditure is unlikely to throw up any issues I would apply direct.
However, if they have personal circumstances that may limit who is willing to lend or not confident they can identify what is a good product for them, going through a broker is a very valid option.
I have no affiliation with him, but Sarnie on here is a broker and has a good reputation on the forum.
I am not knocking the service they offer, rather if it's a pretty straight forward application where you are confident the person's credit history, income and expenditure is unlikely to throw up any issues I would apply direct.
However, if they have personal circumstances that may limit who is willing to lend or not confident they can identify what is a good product for them, going through a broker is a very valid option.
I have no affiliation with him, but Sarnie on here is a broker and has a good reputation on the forum.
Use a broker, there’s plenty of free ones out there who have access to deals you can’t get elsewhere on the market
Remember to factor in solicitors costs if you’re going with a new lender, they need to amend the title deed.
I just used l&c and decided to go with my current lender as no solicitors fees needed, I just went with a 1 year special tracker deal which I think at the time was 0.25% above base rate. I’m moving in November and again used l&c who got me a 3 year fix at 4.0% back in June
Remember to factor in solicitors costs if you’re going with a new lender, they need to amend the title deed.
I just used l&c and decided to go with my current lender as no solicitors fees needed, I just went with a 1 year special tracker deal which I think at the time was 0.25% above base rate. I’m moving in November and again used l&c who got me a 3 year fix at 4.0% back in June
Use a broker, there’s plenty of free ones out there who have access to deals you can’t get elsewhere on the market
Remember to factor in solicitors costs if you’re going with a new lender, they need to amend the title deed.
I just used l&c and decided to go with my current lender as no solicitors fees needed, I just went with a 1 year special tracker deal which I think at the time was 0.25% above base rate. I’m moving in November and again used l&c who got me a 3 year fix at 4.0% back in June
Remember to factor in solicitors costs if you’re going with a new lender, they need to amend the title deed.
I just used l&c and decided to go with my current lender as no solicitors fees needed, I just went with a 1 year special tracker deal which I think at the time was 0.25% above base rate. I’m moving in November and again used l&c who got me a 3 year fix at 4.0% back in June
Nickbrapp said:
Use a broker, there’s plenty of free ones out there who have access to deals you can’t get elsewhere on the market
Remember to factor in solicitors costs if you’re going with a new lender, they need to amend the title deed.
I just used l&c and decided to go with my current lender as no solicitors fees needed, I just went with a 1 year special tracker deal which I think at the time was 0.25% above base rate. I’m moving in November and again used l&c who got me a 3 year fix at 4.0% back in June
You do not need to pay for a solicitor if you move lenders, the new lender will provide and pay for the solicitors for you Remember to factor in solicitors costs if you’re going with a new lender, they need to amend the title deed.
I just used l&c and decided to go with my current lender as no solicitors fees needed, I just went with a 1 year special tracker deal which I think at the time was 0.25% above base rate. I’m moving in November and again used l&c who got me a 3 year fix at 4.0% back in June
Harbuzi said:
Hello - quick question on this - Is this the same with leaseholds too, which is usually a fair bit more work (or so solicitors say!!)?
Yes.Leaseholds are only more work on purchases.....
For remortgages, lenders will cover the costs required to remortgage but will charge if you askthem to do anything else, such as remove someone from your deeds etc etc
maccboy said:
My daughter's mortgage is up and she's looking around for some reasonable deals. Having not done this for a long long time, it's the thing to do to check Money Saving Expert for the best deal and go from there, or use a broker? Advice welcome please!
We used Sarnie who was excellent. My OH didn’t have the greatest credit rating, and unfortunately was late on a few payments earlier in the year. Sarnie managed to find us the best rate he could, and we got the offer back in a few days. Really great help, and perhaps worth contacting him for a chat.
My broker doesn’t charge if I don’t go with them so what do you have to lose? Not used sarnie but I imagine he does similar? You can then do your own research and compare with the brokers.
More importantly what do you go with at the moment? Tracker, fixed? I wouldn’t have a clue … probably tracker can’t keep going up forever can they?
More importantly what do you go with at the moment? Tracker, fixed? I wouldn’t have a clue … probably tracker can’t keep going up forever can they?
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