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Response to Really Good Mortgage Website

from fairer financial world (fairerfinancialworld@hotmail.com)
I would remind people to follow my advice to borrowers (2nd Answer) in past post 'Saved in the nick of time' before entering into any negotiations with ANY mortgage broker.

I did check the above site and couldnt find the name of the broker mentioned?!(Rather alarming and puzzling) The email link passes your message to usefulpages own mail system?

But if everything they claim is true, FANTASTIC!

The advertisement states only normal fees apply so be careful of OVER INFLATED valuation fees or reference fees.

Valuation fees are dependant on lender (unless broker is a mortgage packager - they usually are proud of this and tell you) - if you think overpriced mention on this site and i am sure someone will give opinionl.

Reference fees for local authority are not normally more than £20 and for lenders usually £45 but have one at £65 (NATWEST SHAME ON YOU!)

Call me cynical but if a broker is reliant on the commission they receive from a lender then there will be an even greater risk that you have been placed with a particular lender who is more rewarding to the brokers pocket than the product will be to yours!

BE careful of products quoting low rates on subprime cases, the rate is usually a discounted product for a set period and usually includes redemption overhangs after the discounted period has expired.

(posted 7487 days ago)

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