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USE A BROKER FOR A MORTGAGE OR GO DIRECT TO BANKS

  • 28-03-2024 12:35pm
    #1
    frank017
    Registered Users Posts: 8 ✭


    Hi ,

    this question has probably been asked here before but in the current market,

    any thoughts on what is the best route broker or go direct to a bank ?,

    Thanks



Comments

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,744 Mod ✭✭✭✭Henry Ford III


    A good Broker will know which lender might suit you and importantly which won't.

    Going direct might risk getting declined.

    Costs are very similar.



  • #3
    JTMan
    Registered Users, Registered Users 2 Posts: 5,542 ✭✭✭JTMan


    Use 3 routes.

    1. Use comparison websites such as CCPC.ie to compare direct rates.

    2. Use a broker such as Doddle.ie which is fully online.

    3. Check out your local credit union rates.

    Go with the lowest rate for the optimal term for you.



  • #4
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,799 ✭✭✭The J Stands for Jay


    Do the brokers still have their own application forms that they use with all the lenders? Less hassle than filling out forms for each individual lender. Also, I think Avant only sells through brokers.



  • #5
    cromelex
    Registered Users, Registered Users 2 Posts: 234 ✭✭cromelex


    The likes of Avant and Finance Ireland only deal through brokers, so you're better of going with one so you can have the full range of offers.



  • #6
    extra-ordinary_
    Registered Users, Registered Users 2 Posts: 1,734 ✭✭✭extra-ordinary_


    https://www.boards.ie/discussion/comment/121958608#Comment_121958608

    Avant and especially Finance Ireland are no longer a realistic option with their interest rates where they are, no?



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