Mortgage Broker or No ??

txt_mess

About to start down the course of selling our first home to move and gain some space.

First time we went with a mortgage broker and can't say it was a bad experience but that was many years ago.

What I am wondering is whether based on peoples experiences would they recommend going to a mortgage broker or go down the root of contacting the various mortgage sellers themselves?

Henry Ford III

Depends on how strong the lending proposition is I reckon.

If you've decent income(s), savings, and equity, together with a clean record for repaying things and the mortgage to value ratio is say 75% or less it's a D.I.Y. thing if you can put up with the hastle.

txt_mess

We have a decent lump saved hope to make some profit off the house and we are both in work and have managed not to miss any payments even in the tougher times.

I would say we are in decent shape.

nasty_crash

to be honest i found that a broker done the same thing if you dealt with the bank yourself - places like ulster bank send out their own mortgage person to discuss - aib have a mortgage online portal to manage everything through! Just seems as easy to do it yourself

txt_mess

Thanks for the opinions guys just wanted to get it clear in my head f I was missing something looks like I will try the DIY route and see how it goes.

bbari

is it normal for broker to charge fee (1% of the amount borrowed) ?

Trish56

There are plenty of good brokers out there that do not charge fees however they are entitled to charge fees so shop around.

bbari wrote: »

is it normal for broker to charge fee (1% of the amount borrowed) ?