Mortgage broker vs bank application

[BrianG2003]

Hi

First time poster

Looking to sell my house which is in neg equity with BOI
It has tracker

Want to buy new property

Got advice from BOI last year that they will offer tracker on new property mortgage plus 1% on ECB but only for 5 years. And also to tag on neg equity amount to new purchase.

Would it make a difference to seek a broker? Could they be better able to strike a better deal with bank? Or are there deals to be made?

Thanks for any advice
B

 

[Monbretia]

Seriously doubt there is any benefit to a broker in this case, if you were in a situation to shop around then maybe but you're stuck with BOI for the tracker. Why would BOI improve on their offer? They more than likely don't care if you do go elsewhere but know you won't because of the tracker.

 

[Brendan Burgess]

And also to tag on neg equity amount to new purchase.

No other lender will give you a negative equity mortgage, so there is no point in going to a broker.

Brendan