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Mortgage Broker for Remortgage


ajack

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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

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There really isnt a normal. Fees vary dramatically between brokers depending on how they work.

Ive come across brokers who charge £2500 a case. Some still dont charge fees. I think £300 to £500 is about average though, unless theres something particularly complex (A BTL remortgage is not complex...) such as commercial, adverse credit etc.

043_logo_final_03.png.0cdf828351f81e6097208048ac2d018d.pngStuart Phillips

Independent, Whole of Market Mortgage Broker

AALTO Mortgages Ltd

Web  www.aaltomortgages.com

Email  sales@aaltomortgages.com

Call  020 7183 1101

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1 hour ago, Stuart Phillips said:

There really isnt a normal. Fees vary dramatically between brokers depending on how they work.

Ive come across brokers who charge £2500 a case. Some still dont charge fees. I think £300 to £500 is about average though, unless theres something particularly complex (A BTL remortgage is not complex...) such as commercial, adverse credit etc.

Thanks for that Stuart

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