You are reading a single comment by @Fox and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@Fox
In rare disagreeing with andyp moment, this is not true!
Due to economies of scale, brokers have serious leverage in the market, which means not only that you may have a better chance of being accepted for a mortgage through a broker, but also that you may get a better rate through the broker which is unavailable to individuals.
If you go with a decent broker like London & Country (very good reputation, recommended by Martin Lewis), who I used, they make money from the transaction but they make it from the bank or building society, not you. So in my case Nationwide paid £828.25 to London & Country.
You could argue that indirectly I will pay for this through my mortgage. You're right, but so will everyone else.
So if you do hours of exhaustive research which comes to the same conclusion as my broker and sign up for the mortgage yourself, you've just helped subsidise my getting someone else to do all the hard work for me.
Thanks!
If anyone does decide to go with London & Country, please ask for Christopher Steele and tell him Pete Biggs sent you, as I'll then get a £15 M&S voucher to buy socks with.