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But it's better to deal/shop around personally with all lenders than to deal with a broker who only deals with a subset. You can generally apply for approval in principle online these days so shopping around manually should not be too onerous. I did it manually by calling into every lender c. 11 years ago and even that wasn't too much hassle. Once you know who will offer whan you need you just pick the best rate on offer. Either way, if you do go with a broker then check how many lenders they deal with. The more the better.Hel_n said:Clubman
Personally, I think its better to deal with a broker even if they only have a couple of agencies than dealing with a bank that can only offer their rates and products. But thats just my opinion...
Have you read any of the many fixed versus tracker/variable threads that already exist? Your variable rate offer doesn't look like the most competitive on offer as far as I know. Who is your lender? Check out the Financial Best Buys forum for latest rates.Jeanette.T said:Could you please offer any advice on whether or not to fix my mortgage rate? Current variable rate is 3.85% as against 4.35% for one yr fixed, up to 5.25% for 10 yrs .. any advice appreciated! Would it be prudent to fix in the long term, given gradual increases in short term?
They wouldn't have the letters S and M beginning their name would they? I went to these guys and they did the same to me. Went to one lender only and recommended their "local" solicitior who wanted €400 more than my own one!!SarahS said:Personally, I have had a lot of problems with a particular mortgage broker. For such a large, well known company their service was shocking! Also, in my opinion, they breached their terms of business. After hassling and hassling them for my loan approvals from the various banks - it transpired that they only went to one lender. So my advice would be to definitely shop around! You have nothing to loose. Even shop around with a couple of brokers if you don't want the hassle of dealing with each bank individually.
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