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Mortgage Broker Recommendation

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  • 19-05-2015 2:50pm
    #1
    slowjoe17
    Registered Users Posts: 110 ✭✭


    Hi

    I'm interested in mortgage broker recommendations.

    Looking at
    showthread.php?p=95194969
    and
    showthread.php?p=95458162
    (I cannot post a url)
    ...it appears that this can only be done via PM.

    It would be great if the board could help me out!


Comments

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    #2
    MarkAnthony
    Closed Accounts Posts: 6,934 ✭✭✭MarkAnthony


    My recommendation is simply don't.

    Back in the day everyman, his dog and his dogs subsidiary was lending in Ireland. Now it's only the major banks and even some of them are essentially the same entity. Some won't deal with brokers.

    Basically apply directly your checklist is (in no particular order)

    KBC
    BoI
    UlsterBank

    EBS
    AIB - These three are all AIB now? Do AIB even do mortgages not through Haven?
    Haven

    There's another one niggling away at me, I'm sure someone will tell you if there's any I've missed.

    Once you have your stuff together for one, you pretty much have it sorted for all. A broker can't help you 'put yourself across better' either anymore as it's a simple numerical calculation and a credit check, backed up with payslips and P60s.

    <Mod Snip - recommendations are not permitted on thread!>


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    #3
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    If there are only about 6 choices then what is the purpose of a mortgage broker?

    Can a broker get a better rate by making the same application for you?

    Surely not?


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    #4
    The_Morrigan
    Registered Users Posts: 9,368 ✭✭✭The_Morrigan


    Folks - the charter does not permit recommendations to be given on thread. If you wish to discuss the merits of using a broker, go ahead, but if you post a recommendation you will be sanctioned.


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    #5
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    that's fair enough..

    Yes, just trying to find out what the merits are...

    Seems to be

    - One form, broker then does the work
    - Broker gets a payment from bank for a new customer.

    - However, broker does not get you a better rate

    I'm just interested in the last point, whether they can get a better rate, which I think not. I don't mind filling out the forms for each application myself.


  • Options
    #6
    CIARAN_BOYLE
    Registered Users Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    MarkAnthony wrote: »
    KBC
    BoI
    UlsterBank

    EBS
    AIB - These three are all AIB now? Do AIB even do mortgages not through Haven?
    Haven

    There's another one niggling away at me, I'm sure someone will tell you if there's any I've missed.

    ptsb???


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    #7
    jon1981
    Registered Users Posts: 4,359 ✭✭✭jon1981


    reick wrote: »
    If there are only about 6 choices then what is the purpose of a mortgage broker?

    Can a broker get a better rate by making the same application for you?

    Surely not?

    Unfortunately, from memory here, some banks will not work with brokers so if you choose to go with a broker you will be limited to banks that work with brokers. I went with a broker and was glad for it, they did all the chasing and photocopying :)


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    #8
    Alicano
    Registered Users Posts: 444 ✭✭Alicano


    Hi OP.
    I will PM details of broker to you. Highly recommend using one. They take all the hassle out of it, deal with every party involved and all for free.
    Six weeks for me between deposit and Keys (that included Easter and May bank holiday). I hardly had to lift a finger. Zero stress.
    But it is of course your choice.


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    #9
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Alicano wrote: »
    Hi OP.
    I will PM details of broker to you. Highly recommend using one. They take all the hassle out of it, deal with every party involved and all for free.
    Six weeks for me between deposit and Keys (that included Easter and May bank holiday). I hardly had to lift a finger. Zero stress.
    But it is of course your choice.

    Can you PM me too please?


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    #10
    ted1
    Registered Users Posts: 23,536 ✭✭✭✭ted1


    Alicano wrote: »
    Hi OP.
    I will PM details of broker to you. Highly recommend using one. They take all the hassle out of it, deal with every party involved and all for free.
    Six weeks for me between deposit and Keys (that included Easter and May bank holiday). I hardly had to lift a finger. Zero stress.
    But it is of course your choice.

    That's the solicitor on both sides
    rather than the mortgage broker


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    #11
    maynooth_rules
    Registered Users Posts: 1,502 ✭✭✭maynooth_rules


    Had dealings with both bank and broker recently. bank (ptsb) were simply awful to deal with and as a result i will be pulling my business from them. Broker was a pleasure to deal with and made things so so easy. Yes there was less of a choice, but in the end Haven worked out as cheaper for us. Plus to entice us away from the bank the broker threw in a few goodies :)


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    #12
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    maynooth_rules wrote: »
    ... to entice us away from the bank the broker threw in a few goodies :)

    Interesting.. but I'm trying to figure out what you mean by goodies?


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    #13
    Alicano
    Registered Users Posts: 444 ✭✭Alicano


    ted1 wrote: »
    That's the solicitor on both sides
    rather than the mortgage broker
    Only partly. Broker set up solicitor, surveyor and home insurer for me. All of whom worked as quick as he did. I'm sure he wouldn't be dealing with them otherwise. Anyhow, easiest thing I've done and felt it was well worth doing.


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    #14
    ted1
    Registered Users Posts: 23,536 ✭✭✭✭ted1


    Alicano wrote: »
    Only partly. Broker set up solicitor, surveyor and home insurer for me. All of whom worked as quick as he did. I'm sure he wouldn't be dealing with them otherwise. Anyhow, easiest thing I've done and felt it was well worth doing.

    And what price did you pay for the service?


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    #15
    Alicano
    Registered Users Posts: 444 ✭✭Alicano


    ted1 wrote:
    And what price did you pay for the service?


    Nothing. Broker took his fee from the bank only in the event of us drawing down. Some brokers charge but if I'm honest I would have gladly paid a fee for the service received.


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    #16
    ted1
    Registered Users Posts: 23,536 ✭✭✭✭ted1


    Alicano wrote: »
    Nothing. Broker took his fee from the bank only in the event of us drawing down. Some brokers charge but if I'm honest I would have gladly paid a fee for the service received.

    Well how much was the solicitor , surveyor, insurance etc and what rate did you get?


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