Updating post from Reddit.
Do you guys pay for a mortgage advisor? Just been quoted nearly £1000, I’m only pulling out about 40k so I ideally want to keep my costs as low as possible.
We have a long term advisor (20 years or so), his current fees are £1K but we generally negotiate a discount based on our long-term relationship (about 25%).
Many people ask why we pay such high fees? We've never had a mortgage fall through, the service is personallised, he does all the administration and he knows where to go for each situation (BTL, 2nd home, residential) - I know others can claim to offer that but when you get the service you need, every time, it just feels like value for money.
London and country is free and good service
That seems quite a high fees. If you’d want, I could refer a close friend that’s based in Hornchurch. Don’t think they should charge at all if you go through a reference.
We do not pay for the mortgage advisor, they get a kick-back from the provider. Our provider Santander already slaps on a high 'arrangement fee' – £1750 this time round for a two year fix.