Recommendations for Mortgage Broker

[LV0210]

Hello,

I need to take out a mortgage so would be grateful for details of a great independent whole of market mortgage broker.

Many thanks!

[charly89]

Hi there, we used Daniel Kilminster at Which Brokers - he has genuinely been excellent, couldn't recommend him enough

[HelBel65]

Yes, try Elliot Webb

[email protected]

http://www.eastdulwichforum.co.uk/forum/read.php?30,1216156,1216232#msg-1216232

Did a brilliant job of remortgaging for me.

[DulwichLondoner]

We used Anthony at Trinity, as did many of our friends. Can't recommend him enough.

http://www.trinityfinancialgroup.co.uk/who-we-are/

[monkeyspanner]

Can someone be kind enough to explain to me (ignorant but in need of a remortgage)

1) what's the point of getting a broker rather than looking round myself?

2) do they charge you or have some deal with the mortgage provider where they get a finder's fee?

[tllm2]

1) If you have the time to do the leg work to shop around yourself, then why not ......... but if for any reason you may not have the pick of the whole market (ie. bad credit history, trouble proving your employment history/salary, certain types of property are difficult to mortgage, other mortgages/commitments), then a decent mortgage advisor/broker can narrow down the lenders you can deal with, saving time, effort, unnecessary credit checks and potentially paying wasted 'fees' only to find out that you don't fit their qualifying criteria.

2) Some charge you (a set fee), others receive a fee from the mortgage company = 'finders fee', or it can be a combination of both. Some people prefer to pay the set fee themselves, on the assumption they'd get a truly unbiased recommendation, but either way, the advisor/broker should be upfront about how they get their fee from the very beginning.

[monkeyspanner]

Thank you!

[HelBel65]

I used to wonder about this too, until I used a broker for the first time last year (Elliot Webb, who I have recommended above) Further to tllm2's post, I also thought I would have access to the whole market for a new BTL mortgage on my rental flat because I don't have bad credit etc, but in fact Elliot was able to get me an amazing deal with Santander which wasn't available on the open market and which frankly saved me a fortune. I don't know how all this works, or why only brokers get access to certain products, but I was most impressed, not least because (as I recall) for that product his fee was paid by Santander, not me! In other cases (pensions/ISAs) Elliot has a flat fee, but it is all very transparent. Good luck.

monkeyspanner Wrote:

-------------------------------------------------------

> Can someone be kind enough to explain to me

> (ignorant but in need of a remortgage)

>

> 1) what's the point of getting a broker rather

> than looking round myself?

> 2) do they charge you or have some deal with the

> mortgage provider where they get a finder's fee?