Originally posted by Lance
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Free mortgage advice?
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Thanks for the advice, apologies for posting in the incorrect area?
I did actually speak to CMME but was not impressed.
I spoke to another company yesterday evening who doesnt charge any fees at all. They get paid by the lender at completion, which I thought every broker did anyway! I assumed this would mean I have to borrow more but the rate he quoted and total cost was lower than both the companies I had already spoken to (whilst he said he would need to talk through my circumstances before confirming fully)
I had a guilty conscience and fessed up to the agent about Santander so I've got a sit down appointment with their lady today, they have agreed to waive their fee if I use them and he is adamant she can help even being an interim so fingers crossed I can make it all work.
Regarding borrowing money, I am getting almost zero interest on my savings and the mortgage will be £300 less than the rent whilst getting an asset that grows so for me its a no brainer to do it now. Plus I'm not getting any younger!Comment
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Originally posted by DimPrawn View PostYou are assuming that with price inflation comes wage inflation. Fingers crossed..."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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The majority of contractor mortgage brokers charge a fee for mortgage advice. They range from a cost such as £295 like ourselves to other brokers charging £995 upwards.Comment
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Originally posted by DimPrawn View PostHere's some free advice, why are some lenders beginning to shut up shop? Is it because the next credit crunch is just around the corner...
Magellan Homeloans stops new lending | Mortgage Introducer
However, hyperinflation is a genuine concern and borrowing now would be a smart move since a few years after Brexit you will be sitting on top of a desirable asset with almost nothing to pay. But, in such situations you will likely to looking at sourcing rabbits for your daily meal than worry about your mortgage repayment.Vote Corbyn ! Save this country !Comment
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Originally posted by DimPrawn View PostHere's some free advice, why are some lenders beginning to shut up shop? Is it because the next credit crunch is just around the corner...
Magellan Homeloans stops new lending | Mortgage Introducer
Fleet Mortgages pulls entire product range - FTAdviser.comComment
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Bottom line is: Don't have debt. Pay off what little you have and quickly."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by GordonHunterSuperContract View PostThe majority of contractor mortgage brokers charge a fee for mortgage advice. They range from a cost such as £295 like ourselves to other brokers charging £995 upwards.
I've now sorted it with a guy who understood my way of working and for no fee, he said the lender pays him. All he asked is that I pass on his company details if I am happy.
He is planning my application now and has spoken to the estate agent for me, so far so good and at no cost to me!Comment
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What is this mortgage thing you are all talking off? I thought this was only something perm workers had?I am what I drink, and I'm a bitter manComment
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Originally posted by Whorty View PostWhat is this mortgage thing you are all talking off? I thought this was only something perm workers had?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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