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Mortage broker or apply Direct?

Floricwil · 2018-01-05 17:58:43

Hi, I am looking to purchase a property. First time doing this so everything is brand new to me! I have applied to two banks for a mortage and am waiting to hear back from them. Since applying, I have been in touch with a mortage broker and am strongly considering using his services. The reason for this is that as well…

05-01-2018 6:58pm

#1

Floricwil

Registered Users Posts: 41 ✭

Join Date: May 2016

Posts: 32

Hi,

I am looking to purchase a property. First time doing this so everything is brand new to me!

I have applied to two banks for a mortage and am waiting to hear back from them. Since applying, I have been in touch with a mortage broker and am strongly considering using his services. The reason for this is that as well knowing the process, I've heard they can get better deals applicants.

I just want to know now though, am I at a disadvantage with these 2 banks? Say he applies to the same 2 banks, is the fact that I am now "in the system" already a disadvantage? Will they automatically just offer him the same offer they would have offered me? Would he have been able to get me a better deal had to just applied to the banks with a brand new application and the banks never having heard of me before?

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