leonkings07
Registered User
- Messages
- 15
We're trying to get a 92% mortgage. A friend advised a mortgage broker to us - who we went to see. It is an indepentant broker (not sure if I can say name).
I asked him what banks he represented & how he received payment. He told me that he dealt with all banks. And that he did not receive payment from us but rather a commission from the bank which we decided to go with. He also said that all banks paid the same so doesm't matter to him which bank we choose.
My question is; Is what this broker is saying true? - That he would get the same commission from all banks, surely if one bank offered him more, he would try & influence us to go with them?
I asked him what banks he represented & how he received payment. He told me that he dealt with all banks. And that he did not receive payment from us but rather a commission from the bank which we decided to go with. He also said that all banks paid the same so doesm't matter to him which bank we choose.
My question is; Is what this broker is saying true? - That he would get the same commission from all banks, surely if one bank offered him more, he would try & influence us to go with them?