Brendan Burgess
Founder
- Messages
- 52,948
90% of people do not need to use a mortgage broker and there is no benefit to them in using one.
- They can get the best deal by applying directly to the lenders themselves
- They can find the deal most suitable for themselves here or through doing their own research
- They are educated enough to submit an application direct to the lender
- They should be applying to their own bank anyway
- The best value lender is Avant and many (most?) brokers do not have an agency with them so will not apply to them
- The broker may otherwise be biased towards a particular lender which might not be the best lender for the borrower
- Some brokers are inefficient and incompetent and don't submit the paperwork as promptly as they should
- Some brokers might not be interested in a small mortgage
- You may be charged a fee for their services - see separate post below
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