Mortgage Brokers - Any recommendations

B

Bruze

Guest
Hi All,


i was hpoing to obtain some advice in regard to choosing brokers.

i am going about getting my first mortgage and am hoping for 100% mortgage and also getting as much money as possible.

As such, things would be toight! financially so would probably be hpoing for a broker that refunds commission.

Most importantly though, i would like some degree of assurance that i am dealing with well equiped broker, hence advice sought.

any comments/experiences greatly appreciated.

Cheers
 
if u havent already engaged a solicitor, REA are doing a deal on the legal fees (think its €499 excl outlays etc) at the moment.

also insist on a free valuation. to be honest ask for everything, its a buyers market and if you dont ask, you will never get.
 
I think REA are the only brokers who do a commission refund, have you spoken to them yet?
 
candyman said:
if u havent already engaged a solicitor, REA are doing a deal on the legal fees (think its €499 excl outlays etc) at the moment.


Candyman,


Could you elaborate slightly in regard to outlays.

What other expenses am i likely to have (not including stamp duty)

i'd like to know exactly what type of costs i will have or can get covered before i engage brokers.

Thanks for your help
Click to expand...
 
'Outlays' refer to external fees (for legal searches on the title of the property), etc. — not part of the solicitors' own fees. REA or any other mortgage broker will give you an idea what to expect.

Your most significant other expense will be the cost of mortgage protection assurance, which must match the amount and term of your loan. Here again, you should use a discount (assurance) broker like www.labrokers.ie who will refund commission — currently by way of a 75% discount on your first year's premium.

Just a thought — you mention that you're a first-timer, that you want a 100% mortgage and 'for as much as possible', yet recognise that 'things will be tight'. Of course, I don't know anything of your other circumstances — salary, job security, other responsibilities, etc. — but don't bite off more than you can chew! Why don't you contact REA and LABrokers and let them talk you through it? I think I'm safe in saying that they both have a pretty good 'rep' around AAM...
 
outlays are always extra on top of your flat fee or % as the cost of them is not fixed. they include stuff like searches and land registry etc...
for example a solictor would quote you 1400 as a flat fee, outlays could be as much as 700 or 800 more on top so all in for 2200 approx.

related topic here
 
As well as the 700/800 above there is stamp duty on the mortgage deed of 0.1% if you are borrowing over €254,0000......

Sarah

www.rea.ie
 
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