New at Qdomus? Read the FAQ

How to choose a mortgage broker?

Several people I know have got a thrashing by the banks when they have a mortgage. So, I'm thinking that maybe my daughter should consult a mortgage broker. She is going to buy her first home and will apply for a mortgage but she would like to receive some advice and assistance to make the right choice. Do you think a mortgage broker is the right person to address to? How can I find a reliable one? Thank you.

Thu, 28/11/2013 - 10:26

Comments : 0

Answers

3

AnswerWidget

I strongly recommend you to contact a broker because it means only benefits, and I tell this thanks to my personal experience: contacting a mortgage broker for a client means savings of time and often of money, being the broker specialised in finding the best mortgage deal. Some years ago my sister looked for a buy to let mortgage and she did it all by herself but she had no experience and the best tool she had was a buy to let mortgage calculator. It took such a long time that she finally got crazy! So, if you are not an expert, it is not easy to make a mortgage comparison, analyse all the deals around you and figure out what is best for you. A mortgage broker is able to manage the paperwork and the relationship with the bank in their place. 

Sun, 01/12/2013 - 23:04

Well, probably you are right, however it is also true that if you have been customer of a bank for many years, this will definitely provide you all the assistance you need. And it surely will suggest you the best mortgage deal with the cheapest interest rates for you. As a matter of fact, because the crisis in housing market, it is increasingly important for banks to do their best not to lose customers. And to keep prices are more competitive.

Wed, 04/12/2013 - 09:00

Are you sure that addressing to mortgage brokers is the best choice? You should also take into account the cost that this implies very high costs since they have quite high fees (a mortgage broker's salary is only made up of the fees he/she earns). On a £ 200,00 mortgage, you will probably pay a £ 10,00 fee. Honestly, I don't think it's worth.

 

Tue, 10/12/2013 - 16:42

I strongly recommend you to contact a broker because it means only benefits, and I tell this thanks to my personal experience: contacting a mortgage broker for a client means savings of time and often of money, being the broker specialised in finding the best mortgage deal. Some years ago my sister looked for a buy to let mortgage and she did it all by herself but she had no experience and the best tool she had was a buy to let mortgage calculator. It took such a long time that she finally got crazy! So, if you are not an expert, it is not easy to make a mortgage comparison, analyse all the deals around you and figure out what is best for you. A mortgage broker is able to manage the paperwork and the relationship with the bank in their place. 

Sun, 01/12/2013 - 23:04

Well, probably you are right, however it is also true that if you have been customer of a bank for many years, this will definitely provide you all the assistance you need. And it surely will suggest you the best mortgage deal with the cheapest interest rates for you. As a matter of fact, because the crisis in housing market, it is increasingly important for banks to do their best not to lose customers. And to keep prices are more competitive.

Wed, 04/12/2013 - 09:00

Are you sure that addressing to mortgage brokers is the best choice? You should also take into account the cost that this implies very high costs since they have quite high fees (a mortgage broker's salary is only made up of the fees he/she earns). On a £ 200,00 mortgage, you will probably pay a £ 10,00 fee. Honestly, I don't think it's worth.

 

Tue, 10/12/2013 - 16:42
apex apex-2
randomness