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Hi
Can anybody recommend me a trusted mortgage advisor preferably in the west mids
Im after a standard variable mortgage with no penalties for early repayment im after less than 60%of the value and self employed
Ive been contacted by a local firm who got my number when i registered with moneysupermarket but they want 1% of the mortgage as set up charge is this normal
Thanks
London & Country - did my last 2 mortgages - brilliant service and no charge to you above what you would pay if you went direct - My broker was a guy called Tristan Parker - ask for him.
Of course, if you tell them that Jon Brooke from Wareham sent you then they'll send me a bottle of champagne, but that has nothing to do with my recommendation whatsoever.
Ive been contacted by a local firm who got my number when i registered with moneysupermarket but they want 1% of the mortgage as set up charge is this normal
They should get comission from the mortgage company. You should not have to pay anything - avoid them and ask to be taken off their contact lists
You might want to look at offset mortgages. (savings are offset against amount owing - so you effectively get your mortgage rate as interest - tax free). Works if you want to have some cash in a current account scenario - the mortgage is paid when your savings exceed amount owed - no penalty to my knowledge.
I'm with Intelient Finance.
I have to say i was very unimpressed with London and Country this time after having used them twice in the past. My fixed rate had fininshed so i was looking at my options, they were very insistant on me taking out a new fixed rate at 6.5%!! and constantly advised me against a variable rate. When i got the paperwork from my existing lender through re what happens after my fixed rate fininshes i realised that i drop onto their standard variable rate of 3% which means my repaymetns have more than halved. L&C never even suggested this as an option , they were pressing hard for me to take a new deal (so they get their commission obviously).
snap - I am happy to help you out on this if you are still looking.
I run a whole of market mortgage brokers but am not in the West Midlands. However, i have clients all over the world so thats not always a barrier.
As a whole of market broker [u]you[/u] can also choose how we get paid, which maybe what the company from moneysupermarket were getting at with their 1% fee.
At the moment you may struggle to find an SVR mortgage as most new deals have tie ins for at least a couple of years but I'm quite happy to speak to you, take some details off of you and do the research.
My e-mail address is in my profile but my work address is sihills@moneydecisions.co.uk
Cheers
BigSi
Bigsi
YGM
snap