Contractor Financials now charge a £900 mortgage fee! Contractor Financials now charge a £900 mortgage fee! - Page 3
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  1. #21

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    Quote Originally Posted by northernladuk View Post
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  2. #22

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    Im in the process of completing a purchase (started in November), im not being charged a fee. They're getting the fee from lender via product placement.

  3. #23

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    Quote Originally Posted by Barley View Post
    Im in the process of completing a purchase (started in November), im not being charged a fee. They're getting the fee from lender via product placement.
    Is this for a contractor specific mortgage or a fairly standard product though? As ours are a little different and not popular I didn't think the lender paying the fee option would be feasible.
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  4. #24

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    Quote Originally Posted by Pogle View Post
    I have just completed a remortgage with Martin at A S Financial and was very happy with the service.
    Thanks for the positive feedback Pogle - that is really kind of you.

  5. #25

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    Quote Originally Posted by Ristic View Post
    No issue with paying a fee for a certain level of service, just more of a surprise that it went straight to the £900 mark when previously they were fee free!

    I am aware brokers are remunerated by way of a commission from the mortgage provider, so the fee must be additional to this.
    And today I'm sure there is 0% chance they could get away with selling a mortgage based on a higher rate of commission!

    I can see AS financial provide fee free contractor mortgages and can see some great reviews too. I'll give them a call tomorrow.

    R

    Thanks Ristic - looking forward to speaking to you.

  6. #26

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    Default avoid AS financial

    I did use these guys many times but this time was a real let down so I'm avoiding from now on. Last week I gave all my details to CMME who are now not bothering to return my call to progress. Am beginning to get paranoid.

    Currently looking for a decent broker who will actually get a wriggle on with my (relatively simple) application! Don't mind paying for it. Don't want to pay for it & get tulip service.

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  7. #27

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    Freelancer Financials sorted my last mortgage. Excellent Service.
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  8. #28

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    Quote Originally Posted by Ristic View Post
    Used these guys a couple of years ago and overall pretty pleased with them.
    I have recently enquired re a mortgage for a potential move and they have informed me they now charge a £900 fee! Quite the increase from the fee free last time.

    I am currently in talks with Freelancer financials, still a mortgage fee, but half the price and service has been impressive so far.

    Does anyone know of alternative contractor brokers I should be looking at too?

    R
    It is negotiable though - you should be able to halve this fee at least.
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  9. #29

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    Why use a broker? There are a few contractor friendly mortgage providers out there. We used Clydesdale bank and it was very simple to arrange, all done over the phone.
    Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.

    I preferred version 1!

  10. #30

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    Using a Broker / Mortgage Advisor opens a whole additional product group, which are not available to the "Man on the Street". What you pay as a professional fee is more than recovered over the period of the Mortgage by having more options, with a combination of lower rates / early termination / exit fees etc.

    Good Brokers / Mortgage Advisors usually offer a "Value Added" service, taking into account Life Cover / Critical Illness / Income Protection, which are particularly relevant to us, as small business owners.
    I was an IPSE Consultative Council Member, until the BoD abolished it. I am not an IPSE Member, since they have no longer have any relevance to me, as an IT Contractor. Read my lips...I recommend QDOS for ALL your Insurance requirements (Contact me for a referral code).

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