The
number of fee-based Mortgage Brokers has grown rapidly
in recent years.
The
idea with fees is that you pay these charges up
front, so that there's no suggestion that the Mortgage
Broker is influenced by any commission from the
mortgage they recommend.
In
other words, the advice is genuinely independent.
The
new FSA regulations mean that a broker has to justify
to them that s/he gave you the best deal available
to you. They are supposed to be checked up on regularly
and can lose their licence if found to be giving
bad advice.
However
whether the FSA - after the initial enthusiasm of
a new organization - will really police this properly
is yet to be seen. Let’s hope so…
It’s
probably best to be wary.
Only
rely on yourself in the first instance
and always check the mortgage you’ve been
offered against say the
latest
best buy tables.
The
standard charge at the time of writing is around
£75 an hour (usually after a free initial
meeting). However many brokers will offer you a
flat fee of say £200. That might be a better
approach as you know what it will cost you.
If
paying a fee, after you've added all the letters
and follow-up, you may find that paying by commission
would have been cheaper. However, you will be more
sure that what was recommended really was in your
best interests.
It
is also possible to pay by a combination of fees
and commission.
The
Mortgage Broker may be willing to set some of the commission
generated against their fees, or refund some of their
commission to you. This is often negotiable with the
Mortgage Broker.
Read
enough? Just want a quote? To get
your best mortgage quote quickly and easily we can
put you in contact with a recommended mortgage adviser. It's free,
completely confidential and there's no obligation at all. Simply
fill out the form below
'Fill
out the form Below and we will INSTANTLY send
you a FREE REPORT to potentially save £1000
off the cost of YOUR annual mortgage payment!'
TIME
LIMITED OFFER
Are you looking
for a new mortgage? Well you can spend time reading
this website and work it all out for yourself.
But to behonest
the quickest and best thing you can do is to get
a quote from an independent, regulated mortgage
adviser (NOT someone who is connected to a bank
or building society).
We can put you
in contact with a recommended
professional right now. Simply complete the quick
enquiry form.
Free
Report
In fact we are
so convinced that this is the best thing
for you that we will give you a special
report "The 7 Most Important Things you need to know TODAY before you choose your mortgage".
Your report is short, direct and cuts right to the chase.
So you won't have to waste time and effort reading any
waffle.
IMPORTANT NOTE:
The report will only be made available free of charge
for a strictly limited time. After that, we are
considering selling it as a package for £97.00.
So, if you do not request it now, there is no
guarantee it will be available tomorrow… or even
the end of today… for free.
Finally, please
don't worry. We're human too and hate spam.
So your personal info will only be used to get you your
best mortgage quote.
Your quote will be free. And there is no
obligation to proceed with anything at
all.
"Thank
you... the form was very quick. After many long
phone calls to various lenders - where I'd go
over the same details again and again - I was
amazed at how easy you made it. You've saved
me £1000's...."Peter
B, Leeds