Mortgages: To fix or not to fix?

[Freelancer Financials]

Also, I gather the rules with IFAs changed so they cannot offer their services for free, and work on commission?

At what point would you actually have to pay them - only if they apply for a mortgage on your behalf? I don't want to go running to several IFAs and find they all bill me for their time

Any IFAs here, feel free to PM me touting your contractor mortgage services, as I need to get one sorted out in the next month.

Actually, when it comes to mortgages, IFAs can choose whether to charge a broker fee or not. Some brokers don't charge a broker fee and just rely on the commission (known as the procuration fee) they get back from lenders. Those that do typically charge a broker fee, normally charge a fee if they've secured their client a mortgage offer.

Many of the contractor mortgage specialists on this forum (including ourselves) will be happy to give advice and quotes without charging an upfront fee. So feel happy to shop around. Fees typically range from £0 to £699.

[d000hg]

Actually, when it comes to mortgages, IFAs can choose whether to charge a broker fee or not. Some brokers don't charge a broker fee and just rely on the commission (known as the procuration fee) they get back from lenders. Those that do typically charge a broker fee, normally charge a fee if they've secured their client a mortgage offer.

Thanks - I'd mis-understood that this didn't apply to mortgages, I thought it was a blanket rule.