Reply to: Fee Free Mortgage Advisors

[TheFaQQer]

Not all contractor mortgage brokers charge a fee, for example we don't charge one. We earn commission from the lender (just like the majority of other contractor mortgage brokers). We don't see the need to charge that additional £££ broker fee.

I'm not sure, but advice like this might be exactly what the OP was after.

[Neil SuperContractors]

Hey guys.

I know a lot of you praise the services of a few of the popular mortgage advisors who charge a fee. I had a fee free one lined up but they have now started to charge a fee, it seems they will still take a fee from the lender and now charge a fee to me. Can any of you suggest a fee free mortgage advisor please.

Not all contractor mortgage brokers charge a fee, for example we don't charge one. We earn commission from the lender (just like the majority of other contractor mortgage brokers). We don't see the need to charge that additional £££ broker fee.

[NotAllThere]

---If for example u need to use unguaranteed....

Mortgate tip. Never get a loan through someone who doesn't know how to spell 'you'.

are you enjoying this game and degrading me in this way?

Just a thought, but perhaps you're degrading and humiliating yourself?

[Bean]

Can I recommend changing your preferences? I have mine set to 40 posts per page and that way this thread is only 2 pages long now.

This advice comes to you free of charge.

What's the hidden cost of that free advice?

This thread, my sides

[TheFaQQer]

no, it was sarcasm, i want no fees. Someone already stated these fee free advisors have hidden fees, i dont agree with this. Look how many pages we have covered and i got 2 good suggestions.

Can I recommend changing your preferences? I have mine set to 40 posts per page and that way this thread is only 2 pages long now.

This advice comes to you free of charge.

[sal]

are you enjoying this game and degrading me in this way?

That's the hidden cost of fee free advice...

[revelator1969]

He's not admin. For a fee I can tell you how to block him.

are you enjoying this game and degrading me in this way?

[northernladuk]

I tried to block you but sadly you cant block admin.

He's not admin. For a fee I can tell you how to block him.

[revelator1969]

I thought you didn't want a debate?

another <mod snip> joins the bandwagon

next <mod snip> please join in

[Platypus]

why would anyone choose to pay a fee

I thought you didn't want a debate?

[revelator1969]

When someone asks a question, I tend to search to see if similar questions have been asked before and if the previous advice is still useful.
In this case the person who asked the question previously was given an answer of "speak to a contractor specialist mortgage advisor". That advice still holds true.

If you end up with two advisors offering you exactly the same deal with exactly the same figures over the life of the mortgage, apart from one being £1000 more expensive, then go with the cheaper one. But you'd want to make sure it was exactly the same figures and that both were able to get you approved for the mortgage.
One might be able to suggest a deal, but whether you would get approved for the deal has a lot to do with how knowledgeable the advisor is with contractors and getting them mortgages.

I tried to block you but sadly you cant block admin.

[cojak]

Ah, posted in General.

<wanders off chuckling at greenlake again...>

[MortgageTips]

Fee free Mortgage Advice

Fee Free is possible in Branch or by the mammoth organisations that process thousands of mortgage applications a week/month - You are a number. Also available to simple & uncomplicated cases such as, PAYE, no credit issues, no dependants or relationship issues etc etc.

If for example u need to use unguaranteed income to meet Affordability; You have Adverse Credit history, your wife/partner has Adverse Credit history, you have children, your wife/partner is not working or on maternity leave, you only want to apply in Sole name, the property is of non standard construction, you have less than 6 months remaining on current Contract or a host of other criteria, then The Broker will not earn sufficient money from the Mortgage Only.

L&C are very good at what they do, but I have salvaged to Mortgages for people Declined when using L&C - Saved one client £3K in the 2 year fixed rate period. - All IT Contractors are not the same, all Mortgage Brokers are not the same.

An initial Free conversation will determine what you require, which Lender can do it & how much work THAT Lender requires (some Lenders are a simple process, some others require War & Peace).

[BR14]

thanks for doing your snooping, what are you out to prove, are you out to humiliate me more? My circumstances have changed. I asked for simple suggestions but that is too much of a challenge for bullies like you.

have you tried mumsnet? they might be cuddly enough for you

[WTFH]

thanks for doing your snooping, what are you out to prove, are you out to humiliate me more? My circumstances have changed. I asked for simple suggestions but that is too much of a challenge for bullies like you.

When someone asks a question, I tend to search to see if similar questions have been asked before and if the previous advice is still useful.
In this case the person who asked the question previously was given an answer of "speak to a contractor specialist mortgage advisor". That advice still holds true.

If you end up with two advisors offering you exactly the same deal with exactly the same figures over the life of the mortgage, apart from one being £1000 more expensive, then go with the cheaper one. But you'd want to make sure it was exactly the same figures and that both were able to get you approved for the mortgage.
One might be able to suggest a deal, but whether you would get approved for the deal has a lot to do with how knowledgeable the advisor is with contractors and getting them mortgages.