Free mortgage advice? Free mortgage advice? - Page 3
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  1. #21

    Nervous Newbie

    GordonHunterSuperContract has no reputation

    Join Date
    Mar 2018


    Quote Originally Posted by Carm F View Post
    Hi Gordon thanks for the note. £295 I could stomach but nearly £1000 just seems too much, why is there such a huge difference in cost if the mortgage is the same?

    I've now sorted it with a guy who understood my way of working and for no fee, he said the lender pays him. All he asked is that I pass on his company details if I am happy.

    He is planning my application now and has spoken to the estate agent for me, so far so good and at no cost to me!
    It's purely up to the mortgage broker and business model what they charge. There's no real extra service apart from reviewing life insurance, financial protection, etc. Review sites like Trustpilot & Feefo are always a good way to get an idea of client experiences. We did a YouTube video on how contractor mortgage brokers make money but I don't think I'm allowed to post links here.

  2. #22

    Super poster

    Hobosapien - scorchio!

    Hobosapien's Avatar
    Join Date
    Feb 2016
    LA - la la fantasy land


    Quote Originally Posted by scooterscot View Post
    Bottom line is: Don't have debt. Pay off what little you have and quickly.
    Alternatively, use debt such as a mortgage while it is historically cheap and make sure you are able to comfortably afford it if interest rates return to normal. Then pay it off early before it gets relatively expensive, as contracting income allows, without needing to break into higher rate tax bands.

    Even the wealthy use cheap debt to assist cash flow, so smart contractors should do the same.
    Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.

  3. #23

    Nervous Newbie

    Carm F is too good to be a permie

    Join Date
    Dec 2018


    UPDATE -

    Everything now sorted, with no broker fee!

    The valuation of the property was completed yesterday and I have just heard from my broker that the mortgage has been agreed, I should have my formal mortgage offer within the next 3 days.

    If I am allowed I will happily share their details here (not sure if it breaches anything?)

    Didnt pay any fees to the broker and have an appointment next week to review my current life insurance. The deal is better than what Santander had previously agreed for me aswell.

    Chuffed is an understatement.

    I must say a thank you to both Martin and Gordon also for their messages.

  4. #24


    Mordac is a fount of knowledge

    Mordac's Avatar
    Join Date
    Jul 2005


    Quote Originally Posted by Whorty View Post
    What is this mortgage thing you are all talking off? I thought this was only something perm workers had?
    Mortgages are for people who don't live in caravans...

    His heart is in the right place - shame we can't say the same about his brain...

  5. #25

    Should post faster

    FIERCE TANK BATTLE has more data than eek

    Join Date
    Jul 2018


    Grats on sorting it out.

    I use a mortgage broker that works for an estate agent. He is a top bloke and doesn't charge fees. Has no issue with me applying as a contractor, knows what documents to ask for and what he needs.

    I compared the mortgage offer he put together with if I had gone direct to the lender and it was identical, so not being ripped off.

    Don't see the point in paying.

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