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Found 2 results

  1. I've just received a quote to remortgage a residential to a BTL mortgage with tenants in common. The broker has quoted £800 with £300 paid up front and the rest on completion. Is this normal? My last broker charged around £300 on completion for a residential mortgage so this seems high. Looking for advice if this is normal? Many Thanks
  2. Hi, I am looking into my first deal using bridging finance and trying to set up a broker who can deal with this from. I have found a broker and would just like to ask a few questions as to whether the fees and information required is standard as i have not gone through this before. - Seems like he wants the ins and outs of everything, personal finance, income, credit cards, other rental properties ( value of these, rents received etc) , 3 months statements, utility bills the list goes on, i understand he needs to show that i can afford the bridge when needed but i don't think i even provided this much information when i applied for my mortgage through a broker, it seems excessive especially when reading up about bridging that their more interested in the property not the individual? - the engagement fee is £600 for him to submit a formal application and then an arrangement fee of 1% of the total bridge, is this the usual arrangement there or there about for a broker to arrange this sort of deal? Any feedback would be appreciated. Thanks joe
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