Mortgage broker if we are both PAYE?

[Pops1985]

Mumsnet has never steered me wrong in the past so I’m asking for wisdom! We’re looking to put an offer in on a home on Monday, and not sure where to start with mortgages. We bank with nationwide and they seem to have a good 5 year fixed mortgage rate, should we just go to our bank? Or enlist a broker incase there is a better deal out there?

Thanks in advance!

Broker! No question! Get one who doesn't charge, mine didn't, gets paid in comission.

Absolutely though I would say get one who offers "whole of the market" and charges you a fee. We paid £295 But our advisor was worth his weight in gold and probably saved us far more. I'd rather pay him than have him pushing certain mortgages so he can get a commission.

Broker definitely. And echo advice above. London and Countyr are excellent (used several times) and Martin’s Miney recommend them. Others are available though.

You can get free ones who are whole of market! Try london and country.

London and country are great. Don’t just go with your bank!

London and country are not whole of market I don't think so check - they are just free

I'd just advise Do your maths, .1- .25 saving in interest might not more much of a saving once you subtract a mortgage broker fee. Think all depends how long a fixed rate you want

Rates are so low anyway that it's sums worth doing in my opinion

Seconding all the pp.

Also you'll find that you will need to have a ~3hr appt with Nationwide to even speak about any mortgages. And it'll probably be Skype inside a branch. So not a real person sat in front of you and not even the comfort of your own home.

(That's based on exactly what the told me when I asked about remortgaging, so I went to a broker and got a much better deal with a different lender entirely)

www.clarkandpoole.co.uk this is who I use, fee free and whole of market.

Thanks all

I just look online, my own bank has been as good as anything on the market.

My research didn't find that.

I was on an old 2.5% base rate tracker (0.5% + 2% min).
Current SVR for newer mortgages was 4-something.
Lowest I could find online (without tying myself in for 5+ yrs) was 3-something, with fees.

I am now on 1.39% fo r2 years, fee free, overpaying the max to take advantage of the rate.

Generally speaking you won't get better than nationwide. They do the best rates but ask for the best credit.

Won't hurt to go to a broker tho

that's who I was with, who demanded the stupid 3hr interview just to have an informal chat about options and who couldn't match the rate my broker got with one of their main rivals.

I told them I was very disappointed in their offerings and service, but they didn't care.

I had an AIP from nationwide then switched to a temp contract between AIP and offer accepted and they revoked it. Speak with them but ditto everyone re going to a broker. Got mine from Santander.

I'm currently with Nationwide but going with Santander for our new mortgage. They seem to offer the best rates currently. Definitely see a broker. Ours was free & covers the whole of market.