Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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Is he likely to want some money for our first consultation? If he had, he better accept a cheque 
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Jules
Member
Registered: 26th Nov 04
Location: Ipswich, Suffolk Status: Happy
User status: Offline
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My mortgage consultant never asked me for a penny - not when he sorted out mine and Michelle's mortgage nor when I had to sort out buying out Michelles half of the house.
No doubt he get's his money from the mortgage lender who eventually got my custom, will probably be the same for yourself and Rach.
[Edited on 15-11-2006 by Jules]
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Fee
Member
Registered: 16th Nov 05
Location: With AK
User status: Offline
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things have changed recently though...my mortgage adviser never used to charge...he got commission from the lender...but now with changes in regulations he does charge.
They dont usually until things have been finalised...if at all
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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I paid mine when everything was finalised  some these days recover their costs from the lenders.
Depends on who you go with I guess. Ask him when he comes round, if he says yes then close the door on his face.
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Jules
Member
Registered: 26th Nov 04
Location: Ipswich, Suffolk Status: Happy
User status: Offline
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Like I say - never paid mine a penny and that was fairly recently (May/June time this year)
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Fee
Member
Registered: 16th Nov 05
Location: With AK
User status: Offline
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You can haggle with them..or at least I think you can
When mine tried to charge me I just moaned, and then he decided not to!
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--Dave--
Banned
Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
User status: Offline
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yes I think some of them are fairly flexible
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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I don't think he will charge, I feel bad though he is coming to my house and is doing his homework and we aren't paying him anything 
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Jules
Member
Registered: 26th Nov 04
Location: Ipswich, Suffolk Status: Happy
User status: Offline
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quote:
Originally posted by Ojc
I don't think he will charge, I feel bad though he is coming to my house and is doing his homework and we aren't paying him anything
He will get his money from elsewhere Olly or he wouldn't be doing it, but I know what you mean - seems like you are just using them!
I think I'll send mine a Xmas card 
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Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
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He is a salesman at the end of the day
He will do a factfind, research mortgages and then sell one to you. If you go with it he will get a % from the lender in commission
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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Mortgage advisers won't ask for money, they usually make commision on whatever you take or commision on insurances you take out..
I have never paid a adviser cash...
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
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I was recommended an advisor for mine who ended up not being able to get me one for enough money.
I ended up going with Woolwich via Barclays with whom I've banked for years, which probably helped.
The advisor was good to use for a bit and bounce a few questions off but I'm sure cutting out the middle man has benefits. Plus you have advice in here now 
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Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
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Being the lender as opposed to the customer i see the other side to the story and using an advisor definitely has its advantages
Especially if the advisor regularly puts business to the lender, he can use that to his advantage when wanting to go outside criteria.
Not only that alot of lenders often have deals only avaliable through advisors.
Trust me ive seen the weight an advisor can throw
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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He was absolutely excellent, with the money we have and the deposit we can borrow £171,000 
We were looking at 155k maximum and will probably still look at around that but its quite nice to know, thats with Royal Bank of Scotland as well Kerry
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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quote:
Originally posted by Ojc
He was absolutely excellent, with the money we have and the deposit we can borrow £171,000
We were looking at 155k maximum and will probably still look at around that but its quite nice to know, thats with Royal Bank of Scotland as well Kerry
I don't know your circumstances Oliver...but thats a fcuk off amount to borrow.
Just remember my word of advice about rainy day savings for unforseen problems.....
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Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
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quote:
Originally posted by Ojc
He was absolutely excellent, with the money we have and the deposit we can borrow £171,000
We were looking at 155k maximum and will probably still look at around that but its quite nice to know, thats with Royal Bank of Scotland as well Kerry
yay you will be one of my customers
hey if he is using RBS and you end up going with him i could end up being the one credit scoring you 
[Edited on 15-11-2006 by Kerry]
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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We aren't borrowing 171k no way at all.
155k is a lot of money especially seeing as that will only get us a 1 bedroom town house with off road parking or a allocated parking space. But thats the price you pay for having to live in Reading.
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charcoalgrill
Member
Registered: 23rd Oct 02
Location: Bristol
User status: Offline
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quote:
Originally posted by mav
Mortgage advisers won't ask for money, they usually make commision on whatever you take or commision on insurances you take out..
I have never paid a adviser cash...
Partly correct, but if they cannot make enough money out of you, they will inform you that they may have to charge you, then you can decide if you will use them.
For example: if an existing portman client goes to a broker, and the best deal they can find is another portman deal. The broker cannot get a commision from the portman, as they do not pay the broker (that is particular for the portman) but your right in saying they get majority of their money from insurance and life cover.
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Jules S
Premium Member
Registered: 24th Dec 03
User status: Offline
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quote:
Originally posted by charcoalgrill
quote:
Originally posted by mav
Mortgage advisers won't ask for money, they usually make commision on whatever you take or commision on insurances you take out..
I have never paid a adviser cash...
Partly correct, but if they cannot make enough money out of you, they will inform you that they may have to charge you, then you can decide if you will use them.
For example: if an existing portman client goes to a broker, and the best deal they can find is another portman deal. The broker cannot get a commision from the portman, as they do not pay the broker (that is particular for the portman) but your right in saying they get majority of their money from insurance and life cover.
Im not sure what that was all about....the last time I did it life assurance wasn't compulsory
Sorry...wrong quote about life assurance
[Edited on 15-11-2006 by Jules S]
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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Ollie have u found anything you like?
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--DAN--
Member
Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline
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quote:
Originally posted by Ojc
We aren't borrowing 171k no way at all.
155k is a lot of money especially seeing as that will only get us a 1 bedroom town house with off road parking or a allocated parking space. But thats the price you pay for having to live in Reading.
I recently bought a brand new 3 bed detatched house with large and private garden, parking for about 6 cars and in a lovely area for for under 130k!!
Good luck with it anyway mate, its the best thing I ever did.
[Edited on 19-11-2006 by corsa-dan]
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sparkywrex
Member
Registered: 27th Oct 06
Location: Wrexham, N.Wales
User status: Offline
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at 22 im putting away approximately £650-750 away each month so i can put down a decent deposit by time i am 27-28, way i think is renting is dead money, much rather put something into that will actually be your own
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BabyBlade
Member
Registered: 5th Feb 03
Location: Hereford Rides: Ninja 600
User status: Offline
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saving for 5 years! thats some deposit
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MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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I know that works out at around 35-40 grand??
Jesus wish I had the will power to put that much away!!
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Daimo B
Member
Registered: 20th Mar 00
User status: Offline
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Didn't pay a penny.
Didn't fill out any forms, she done it for us.
Didn't need to sort out a solicitor, she done it for us.
Didn't need to do anything, well, a few meetings, a few signatures, and house hunting.
Then the chasing up of the solicitor.
And £175k+ is all im saying...
You get what you can afford to repay back every month leaving you enough money to live, be able to go out and enjoy life still.
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