BTL Remortgage - Broker With No Up Front Fees??

[Scarletpimpofnel]

I've a couple of BTL mortgages that I need to renew and want to change lender as existing one is too expensive. The current fixed deals end on 30th Nov 2024.
Does anyone know a broker who doesn't charge an up front fee, instead taking their fee from the lender when the deal is done?

Thanks

[alscar]

London and Country mortgages have always been good for me and my children.
There are also a couple of chaps on here that are I believe also well regarded.

[Killer2005]

Try Sarnie/Caddyshack on here.

As a lender, I would advise against L&C as they are an absolute pain to deal with

[guyvert1]

firstmortgage.co.uk

[Caddyshack]

Killer2005 said:

Try Sarnie/Caddyshack on here.

As a lender, I would advise against L&C as they are an absolute pain to deal with

Thank You. Yes, we don’t need to charge a fee.

[Panamax]

Scarletpimpofnel said:

I've a couple of BTL mortgages that I need to renew

I'd wait for Rachel Reeves' autumn budget and then decide whether you want to be in the BTL business at all.

[Caddyshack]

Panamax said:

Scarletpimpofnel said:

I've a couple of BTL mortgages that I need to renew

I'd wait for Rachel Reeves' autumn budget and then decide whether you want to be in the BTL business at all.

If you wait until 30th oct then you only have Nov to get a new deal in place if changing lenders and that is tight.

[Scarletpimpofnel]

alscar said:

London and Country mortgages have always been good for me and my children.
There are also a couple of chaps on here that are I believe also well regarded.

I tried L&C, booked an appointment for a one hour slot but they never called me and never heard why. So not bothered with them but thanks.

[Scarletpimpofnel]

Caddyshack said:

If you wait until 30th oct then you only have Nov to get a new deal in place if changing lenders and that is tight.

Precisely!

Feel free to send me your email or forms and I'll complete/return. No fee up front, fee only payable by lender right? :-)

[Scarletpimpofnel]

Panamax said:

Scarletpimpofnel said:

I've a couple of BTL mortgages that I need to renew

I'd wait for Rachel Reeves' autumn budget and then decide whether you want to be in the BTL business at all.

Yes well aware of the shenanigans she might unleash.... but my renewal isn't until 30th Nov so have time to reconsider. To be frank Tories were bad, Labour probably worse but I like to be diversified if I can.

[Caddyshack]

Scarletpimpofnel said:

Caddyshack said:

If you wait until 30th oct then you only have Nov to get a new deal in place if changing lenders and that is tight.

Precisely!

Feel free to send me your email or forms and I'll complete/return. No fee up front, fee only payable by lender right? :-)

Yes, that is correct re the fee. Feel free to drop me a private message and I will respond on Monday a.m

[Scarletpimpofnel]

Caddyshack said:

Yes, that is correct re the fee. Feel free to drop me a private message and I will respond on Monday a.m

Done

[Panamax]

Caddyshack said:

If you wait until 30th oct then you only have Nov to get a new deal in place

How so? The fixation with fixing is largely driven by people selling the fixes.

[Caddyshack]

Panamax said:

Caddyshack said:

If you wait until 30th oct then you only have Nov to get a new deal in place

How so? The fixation with fixing is largely driven by people selling the fixes.

If they want to change lenders by 30/11 but wait until end oct to see what the budget shows then they need them (more than one) underwriting by the lender, valuation (often to fit a tenants diary) then a freebie conveyance on each one which has to complete within 1 month of the initial application. Chuck in a lease or searches etc and it can easily extend beyond 4 weeks and nobody wants to wait on an 8.5 to 9.5 buy to let lender variable rate.

Edited by Caddyshack on Friday 11th October 22:01