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MoneySupermarket vs Mortgage broker

3 replies

123LiveLaughLove123 · 29/05/2022 23:06

Does anyone have any experience of comparing between MoneySupermarket and mortgage brokers at all? What is the value add of a broker?
Especially if you are £1M+ in London please?

OP posts:
SlipperyLizard · 30/05/2022 14:00

I’ve used a broker for last few remortgages, I find them invaluable because they do all the leg work - eg you upload docs to a portal, and if circumstances change (last time our house was down valued so we had to change lender) they do all the work to apply to a new lender.

They can also often find rates that aren’t available elsewhere.

nearlyspringyay · 30/05/2022 14:48

I'd use an independent broker. You're talking +£1m, the value add of an independent is yiu get proper advice! Even MS pull the ones they get commission for to the top so you need
To know what you're
Doing to navigate.

£100 per insurance MS, £1m mortgage, broker.

messybutfun · 30/05/2022 16:56

All licensed brokers should be giving proper advice. That’s why it’s licensed! The main advantage of a broker over the last few weeks has been that we are usually notified the day before a deal is pulled and should be able to complete any submissions before rates increase.

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