Brendan Burgess
Founder
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Someone applying for a switch recently told me that brokers were not interested as they had a mortgage of only €80k.
It was a self-employed case, so there might have been a fair bit of work involved.
I hadn't thought of it before, but I can see why a broker would not get involved for a potential fee of 1% or €800 as it would involve a lot of work, and the borrower might decide not to switch in the end.
I presume that a civil servant looking to borrow €500k would be much more welcome than a self-employed person borrowing €80k.
Brendan
It was a self-employed case, so there might have been a fair bit of work involved.
I hadn't thought of it before, but I can see why a broker would not get involved for a potential fee of 1% or €800 as it would involve a lot of work, and the borrower might decide not to switch in the end.
I presume that a civil servant looking to borrow €500k would be much more welcome than a self-employed person borrowing €80k.
Brendan