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DMBL said:I
If anyone has had similar problems with their broker I would be interested in hearing how they overcame them.
As a first time buyer I had depended on my broker for information and guidance. Obviously I can no longer do that and would like to be equipped to deal with any issues which may arise from here on in.
nt00deep said:On a more general point, what do we use brokers for? I use brokers to get me a good deal and to save me hassle in comparisons. It stops there. Are even the good brokers adding any value to a transaction that is already crowded with participants? I really don't believe the "I've never done this before" reason needs to be a reason to let the broker get their hands on ANY documentation. If the bank needs a doc, they can ring you and you get the doc or request from solicitor. If solicitor needs a doc, he contacts you or the bank direct. It does not need experience to act as the go-between between solicitor and bank. Just an ability to take instruction from one or the other. My most recent transaction was hairy in terms of timing etc., but the presence of a broker in the equation beyond the mortgage shopping phase would have made it even worse. What value are mortgage brokers offering really once you've decided you will tie the knot with a specific bank?
Hel_n said:So what do you suggest? Use a broker to find the best deal for you and then go direct to the company?
Hel_n said:Use a broker to find the best deal for you and then go direct to the company?
NorfBank said:is a bit Machiavellian.
A bit harsh on the broker, no? n2oodeep.
You use the broker to get the best deal for you and then go direct so the broker earns nothing in commission.
nt00deep said:My decision was not based on any bad experience with a broker. I just did not see what value they could add once I had my loan offer, but no problem with them getting paid for what they did for me up to then.
Dating agencies have a function in life, but they don't need to be involved in arranging the wedding. Horses for courses
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