Hi, I am going to switch from a variable to a fixed rate mortgage. I'm a newbie to this process. Is it worth using a broker at all? Or should I just use the comparison websites to find the best deal at the moment?
Not all lenders used to deal with brokers, not sure if that is still the case but if the broker deals with all lenders on the market then it can make life a bit easier if you don't want to do the legwork yourself.
Would the brokers who don’t do fees be ok with a plan to switch several times? Or would it leave them having to sort out claw backs before the final mortgage provider? Or would they get sign on rewards and be winners too?
Would the brokers who don’t do fees be ok with a plan to switch several times? Or would it leave them having to sort out claw backs before the final mortgage provider? Or would they get sign on rewards and be winners too?
No i don't think they'll be ok you switching multiple times, I'm fairly sure if you switch away within a certain time period the bank claws back (some of) the fee they paid the broker. If that's what you're planning to do, don't use a broker.