Broker Fees – Why pay one?

March 26, 2018

Want create site? Find Free WordPress Themes and plugins.

Why Pay a Broker fee? – to get the professional Specialist Broker to look after your case from start to finish, that’s why!

We have had a client in the last couple of weeks that has spoken to a national fee free brokerage who was questioning why he should pay a fee with us. When reviewing his case, which was by no means straight forward, we were able to save him 1.5% on his mortgage rate compared to what he had been offered through the fee free broker which worked out at over £300 saving a month for his loan size. This was after his original broker had approached high street lenders and then a specialist lender having drawn a blank from the mainstream. Thanks to our specialist approach and that we are used to unusual cases we were able to find a lender to apply common sense and offer a ‘front line’ rate.

In addition we have had Lesley our senior case manager working on this to ensure the case is expedited with the lender to get to mortgage offer as soon as is possible as the client was getting pressure from both his buyer and vendor to progress quickly having spent 3 weeks looking for a mortgage deal with the previous broker.

Needless to say our client is happy to pay his fee- which is only on exchange of contracts- as over the next 5 years he will save significantly more on the rate we have arranged for him compared to the ‘fee free’ broker and the service he has received to this point in having a dedicated case manager making sure things work at a pace he is comfortable with.

Enjoy the blog?? Come back soon for a meet the team post where you will be able to meet members of our team and find a little bit more about them and what makes them tick.

Did you find apk for android? You can find new Free Android Games and apps.


Ciaran Wilkinson

Start your mortgage journey

We’ve got access to over 80 lenders, which makes purchasing or remortgaging your home straightforward and hassle-free.

Need something else? Call 01925 906 210

Premier Mortgages

60 High Street
Newton-Le-Willows
Merseyside
WA12 9SH

01925 906 210
hello@wearepremier.co.uk

AS A MORTGAGE IS SECURED AGAINST YOUR HOME, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

Premier Mortgages North West Limited are directly authorised and regulated by the Financial Conduct Authority reference 556587. Registered in England and Wales No: 07673912. Registered Office: 60 High Street, Newton-le-Willows, Merseyside, WA12 9SH. Calls may be recorded for training and monitoring.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 023 4567.