TKL Posted May 8, 2013 Report Share Posted May 8, 2013 Hi all, just a few quick questions about brokers: When you're considering a BTL broker, how much does the fee factor in and how much or how little will be off-putting? For a reasonable fee, how quickly would you expect the broker to get you a decision in principle and source a mortgage? Would it be important that the broker was whole of market? Thanks in advance Link to comment Share on other sites More sharing options...
Mortitia Posted May 8, 2013 Report Share Posted May 8, 2013 Another advertisement by the back door? TKL - I don't use a broker as the banks seem more than willing to offer good deals to existing customers. Link to comment Share on other sites More sharing options...
Richlist Posted May 8, 2013 Report Share Posted May 8, 2013 I have never paid a mortgage broker a fee directly for arranging any of my BTL mortgages . Link to comment Share on other sites More sharing options...
Grampa Posted May 9, 2013 Report Share Posted May 9, 2013 I understand they get their fee from the mortgage Co and that depends of the amount borrowed. (but I maybe wrong)Also in the past I have got a mortgage agreed in principle there and then as the adviser just pumps the info into the PC. Link to comment Share on other sites More sharing options...
Antnkel Posted May 9, 2013 Report Share Posted May 9, 2013 Some charge you as well as receiving a fee from the bank. Link to comment Share on other sites More sharing options...
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