As far as I can see the mortgage broker i used is a bit of a con (I M Corp). They explicitly said they represent about 9 or so lenders in the market but would likely give quotes from about 4 or so. Fair enough but when the broker from IMC processed our documentation they came back with a quote from ONE lender which he was tring to push hard - this leads me to think that they are totally not acting in our favour, only their own. I have no doubt in my mind that they are on commission or are trying to meet sales targets with particular lenders. When I asked for quotes from other lenders I was given a bull*hit answer citing our less than perfect financial position but excellent education and prospects which mortgage lender X particularly appealed to but others wouldn't. To my mind this was crap talk.
Am I better evaluating the lenders myself and brokering my own mortgage deal or is there such a thing as a mortgage lender that does not have their own vested interests and will act independently of all lenders? I predict the answer is no?
Am I better evaluating the lenders myself and brokering my own mortgage deal or is there such a thing as a mortgage lender that does not have their own vested interests and will act independently of all lenders? I predict the answer is no?