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  • So, should I use mortgage brokers or not?
    And what's the catch. Do they charge me?

    The way I understand it is there are independent (whole market) mortgage brokers and tied mortgage brokers.

    The former have the pick of the market, but the latter may have preferential deals through the companies they are linked to.

    We are using a tied mortgage broker based on a personal recommendation, which I found more important than going with someone who was linked to a company or estate agent.

    We viewed houses through Bairstow Eves and they basically forced us to talk to another advisor before we were allowed to view houses, as they are owned by a company with mortgage advisors. She was very pushy and really gave it the hard sell, and tried to strongarm us into getting a mortgage agreed in principle with her so that we basically owed her money and were tied to that mortgage company. Avoid them.

    Our mortgage broker charges a flat fee on completion of the deal.

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