Comments?
2007-09-27 19:48:16 · 3 answers · asked by noeusuperstate 6 in Business & Finance ➔ Personal Finance
Fortunately with the key facts illustation I can compare all sorts of different offers The on from money box is for C&G and looks good.
2007-09-28 04:34:36 · update #1
i do not know,
http://angle-mine.blogspot.com
2007-09-27 20:00:13 · answer #1 · answered by sachkehtahu 4 · 0⤊ 0⤋
Totally disagree with Steve (above)
Mortgage Brokers have access to most of the companies out there and will NOT choose the one with the highest commission structure as they have a reputation to protect and they can get in big trouble with the FSA for misselling.
The FSA take this very seriously.
Some brokers get paid just commission from the lender and some add fees but both these are fully explained in cash value in the Key Facts Illustration and you will be given one of these before you apply for the mortgage.
Brokers take the time and the hassle out of obtaining a mortgage and have various qualifications which makes them more knowledgeable than someone trying to find their own mortgage company.
2007-09-28 04:51:16 · answer #2 · answered by Finance Expert 3 · 0⤊ 0⤋
Why get some-one else to find you a Mortgage ?
You will end up with whatever pays the 'broker' the most commission (perhaps a deal at 2% over Variable rate with a 25 year 'lock in') .. PLUS the 'broker' will charge you £1,000's in fees (these are added to your Mortage, so you will pay Interest on the fees as well) ..
Here are your choices :-
1) LEARN how to manage your own finances (go to Evening Classes if you have to)
2) Go to Drama School and learn how to say 'Baaa Baaa BAAA' (you might as well have some fun whilst you are being FLEECED).
2007-09-28 03:41:13 · answer #3 · answered by Steve B 7 · 1⤊ 1⤋