Thanks all, many useful leads there 
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My subconscious is annoying. It's got a mind of its own. -
Do any of these not charge an application fee?Originally posted by pjclarke View PostThanks all, many useful leads there
Contractor Financials have started charging one since they were bought out. They also get commission on any mortgage arranged and I don't fancy paying twice if I can help it.Comment
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Most charge a fee these days, whether specialist or not, to cope with the extra regulation and 'behind the scenes' work that goes into a mortgage application. This enables them to provide a high level of service standards as well as satisfying all additional FCA requirements.Originally posted by GB9 View PostComment
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They do this to overcome punters who know the cost of everything, and the value of nothing. They don't get paid twice - you pay them for their Professional Services and the Finance Company pay them a Commission. If you try and do this yourself, you will, in most instances, not be able to achieve savings over and above this. Good advice is priceless.I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).Comment
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Look at it a different way. You apply for a contract. The agency charges you for the application. And then charges the client commission too. And I thought providing professional advice was part of winning the work.
As I said, I don't mind paying for the service but I was also under the impression that paying a fee would result in unbiased advice, not advice that could end up with the agent making commission from the product they sell too.
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I won't ask what all the 'additional' work and regulations are........Originally posted by Emma Power Mortgages View Post
If I pay you a fee, how do I know I am getting the best deal and not the one that gives you the greatest commission? (I actually thought getting both was illegal these days).
And if I have years worth of accounts, can you get access to the best rates?
TaComment
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No was with BM. They were originally happy with my contract ending in 3 months. Then they took so long it was coming to end of the 3 months and asked for another 3 months (fair enough). They were happy again and sorted the survey.Originally posted by northernladuk View Post
A couple of weeks after this they then said 3 months wasn't long enough and asked for 6 months - luckily the business I am contracting with were happy to write a letter stating this, otherwise it probably wouldn't have happened.
Halifax were happy with the original 3 months and needed nothing else.Comment
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Halifax okayed mine with 2 weeks to run.Originally posted by JohnJizzle View Post
Shame the purchase fell through....Comment
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Even though Emma hasn't replied to me I'm going with Power.
CF/CMME are both charging ridiculous fees and seemed far more interested in cross selling to me.
FF didn't answer the phone.
Power even suggested that I may get a better deal using previous accounts which was one of my key points.Comment
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We would always recommend the best deal available based on your circumstances, we cannot search based on commission paid.Originally posted by GB9 View PostI won't ask what all the 'additional' work and regulations are........
If I pay you a fee, how do I know I am getting the best deal and not the one that gives you the greatest commission? (I actually thought getting both was illegal these days).
And if I have years worth of accounts, can you get access to the best rates?
Ta
If it would help to ease your mind I am sure the any of my colleagues here would take the time to explain why they haven't recommended someone who appears to have a cheaper rate and why you don't meet their criteria if this is the case. Its usually an open discussion and consultation between client and broker and you should feel free to ask any questions you see fit.
I hope this helpsComment
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