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!

Used 2. 1 independent who took his fee from the bank, when we tried to reuse him his service was awful found a national company online who charged £500 on completion. The deal they got us had a £500 cash back incentive so really we got it for free

The first time in 2008 and he charged about £250 i think but the last time in 2017 I looked in comparison sites and saw that my current provider was offering the best deal so went directly to them and they had an internal mortgage advisor who supported me with everything.

Used one for the last move and she was free. She managed to port our existing mortgage and saved us lots of money in early repayment charges.

mine was free , they only charged if the property was over a certain price.

Used Mortgagescout who've just won best broker 2020. Well deserved as well. They were free.

Used London and Country twice - they're excellent. Currently using The Mortgage Brain - also free, only using them as buying a new build and they're used to dealing with the developer we're buying from. Otherwise we'd go straight back to L&C.

I've used the same one 3 times and never paid him anything. He gets commission from the mortgage company and also if I choose to use his insurance suggestion but that's my decision and with no pressure at all.

I pay my guy £295 on completion. He's fab and worth every penny.

London and Country. Used several times and they're great

Yes, about £250 or £300 I think. I wanted someone independent.

Well MN just saved me a pretty penny that's for sure. Thanks for the replies

Ours is free. They get commission from the companies rather than charge us. They've sorted our home ins for nothing too. And got us good deals.

London and country, recommended by MSE, are free and all-of-market. There's still usually a fee for the new mortgage itself (£500 - 1500 usually) but the broker's own commission is from the lender.

We've used L&C three times and will soon use them again, and have recommended them to family. They've been great and the deals have been better than those we could find ourselves. They're also good for pre-checks, so if you're self-employed, or one of you is on mat leave, they know which lenders will find that problematic.

Do L&C operate in Scotland?

Just considering my options....

We use one that's free.

What's a lifetime service? Whose life and what if the broker moves into teaching, or firm sells to another?

Ours is free, and he’s excellent (and quick). I paid once before that and got a terrible experience.