"The Easy Way to Get Your Best UK Mortgage" |
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Mortgage
Guide
Click for Full Contents
Finding
your Mortgage
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Getting a mortgage from an Estate Agent
People often prefer to buy their house and mortgage through the one stop shop of the Estate Agent. But this can cost you more than necessary.
A lot of Estate Agents say they're independent mortgage advisers when actually they'll only deal with one particular mortgage lender. They'll get the best fees from this deal for themselves, but it's unlikely to be best for you.
You can ask the Estate Agent if they're truly independent and who they deal with. If it's only one or two companies, enough said.
You can see what they come up with to use it as a baseline for comparison.
If they claim they're truly independent and would die to get you the best deal, bear in mind they might be lying (Oooh!). Whatever they have to offer, compare it to other possibilities.
DON'T BE PUSHED INTO MAKING A DECISION. If there is any pressure JUST WALK AWAY. Shop around.
There is anecdotal evidence that Estate Agents really should be avoided when it comes to taking advice on your mortgage. This is because they will threaten you with losing the sale if you don't take the mortgage they've offered you.
If this happens a quick phone call to the seller - who the agent is supposed to be representing - should sort this out.
It may be best to say you've already got some offers lined up but would be interested to see if they can beat them - ie keep your distance.
Note that from January 2003 anyone selling mortgages, including Estate Agents, needs to have taken an exam and be "CEMAP qualified".
For further details, or if you're suspicious about anyone, contact the regulator, the Financial Services Authority Tel 0845 606 1234.
For
more on Estate Agents including the piece
Beware
Estate Agents Bearing Mortgages
We also cover
estate agents in the section Home
Buying using Estate Agents
To read more on this subject please see the list below or your mortgage guide or your home buying guide
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
Read On about How to Find your Mortgage
Going
direct
Going through a Mortgage Broker
Going
through an IFA
Going through
an Estate Agent
Going through
other websites
Read On / Mortgage Guide
How
to Get a Mortgage in the UK
Types of Mortgages
Remortgages
How to Find A Mortgage
Read On
Guide to Buying Home in the UK
Guide to UK Home and Mortgage Insurance
Read more about Finding Your Mortgage
or
See contents of Full Mortgages Guide
or
See contents of Home Buyers Guide
or
I've read enough for now and want to get a free Quick Mortgage Quote
Going
direct
Going
through a Mortgage adviser
Going
through an IFA
Going through
a Mortgage Broker
Going through
an Estate Agent
Going
through other websites
How to get a Mortgage
The step by step guide on how to get a mortgage with special tips
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Mortgage
Basics
How
to Choose your Mortgage
Types of Mortgage
Where to Find Your Mortgage
Getting a Mortgage in Principle
