Have you used a mortgage broker and what was the fee

[Allinadaystwerk]

Just that really...broker has quoted about 1.2% of loan value.
Another said 599 for lifetime brokering!

Yes, £250 payable on completion. We had the most hideous move with lots of falling through and leasehold faffing about. Poor bugger ended up getting us 4 different mortgages for different houses for his fee!

Martin Lewis suggests London and country. They’re free )

We used one (twice) and she is free!

I came on to say London and Country.

They were amazing and free. I had poor credit due to a financially abusive ex and they worked their socks off to get me a great deal.

Nothing - his commission comes from the mortgage companies, he doesn’t charge clients. Will use him again!

Twice one via work and one local one. Neither charged a penny my. They get their commission through the mortgage provider

We used London and Country too. They did a great job for us for no fee (this was 4 years ago, we’re looking to move again and will be using them again)

We've used two - one charged no fee as got a kick-back from the product he sold us. The second charged £500 - money well spent IMO as we have a cracking deal.

Oh wow! I'm being fleeced. How do they get away with it? He got me an 'approved in principle' but nothing further. He says I'd pay 495 upon getting an offer accepted then the rest on completion. Can I refuse and go elsewhere? Or will that go against me?

Just off the phone with one locally who came highly recommended. Flat fee £399, payable on completion IF I go with them.

I'd rather pay a fee tbh than have the 'free' service which is hardly ever truly independent.

I don't see how changing mortgage broker can count against you?

I'm thinking maybe multiple credit checks?
Not done this before on my own so a bit green

Yes. £350 on completion. Really useful.

£399 on completion and I've used the same guy twice. If he was offering me £599 for lifetime I would be happy to pay that as he's been brilliant. I think that's a pretty fair price.

Another London and country one here, for two mortgages. Would go with them again.

London and country. Free. Secured us a fab mortgage deal.

Yup £350 for lifetime service. He was completely independent and got me a cracking deal.

None, my understanding was always that they are generally free as they get paid by the lender to secure them clients. We haven't paid anything. Only the usual fee to the bank for the mortgage when accepted.

I use the same guy everytime and he charges £150

Nothing. We ended up with the same deal as if we'd have gone direct to Halifax, but as he did the paperwork then he got the commission too. We'd done it all ourselves with Nationwide the first time around - what naïve idiots we were! We'd done it ourselves as we didn't want to get fleeced by mortgage brokers and the one we had to speak to via the EA said he'd advise the same one that we were going for anyway.

I’ve used the same broker 4 times, have always got a good deal and have never paid him a penny.

@Pacif1cDogwood maybe it depends where in the country you are, but in SW London where we are the majority are free as their commission from the banks is a percentage of the overall mortgage so obviously high house prices equals a very tidy fee, meaning they can appear "generous" by not charging £100 or whatever. Our one came reccommend through friends, which is why I wish we'd done it the first time around.

Used save one for years. Free as he gets commission from the lender.

Ours was free to us - got his commission from the mortgage company rather than us

I paid £500 when I bought my flat as a first time buyer but considered it worth it as there was a good bit of back and forth issues with my salary being partly commission based and I needed a number of quotes from different lenders.

If I was buying again with more knowledge I might go it alone next time but worth it when I was clueless.