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Role of broker in getting mortgage

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AlphaKh

New Member
I am new to property and am planning to buy a new build property. I was asked by a broker to provide all contact details, bank statements, credit card details and proof of address for them to evaluate whether I could get a mortgage. I am worried whether sharing all these details online are safe and what precautionary measures should be taken to be safe against identity theft and other frauds.
Also what are the hidden charges. What solicitors are good? What are property survey firms etc to inspect the property?
Should I seek mortgage via broker or consult a bank or building society directly?
Thanks
 
K

KeithR

New Member
Hi. I am also a new member.

We are buying our fourth property and have found using a broker to be far better than banks or building societies. Remember they have everyone's products to offer not just inhouse products.

I have found the free mortgage search on PropertyHawk is worth running and discussing with your broker, but the best deal on that is not always best for your circumstances. Use the experience of a good broker.

If you are worried about data security, scan/print details and drop them through the brokers letterbox, although I have never had any issues. You could also use a cloud server like Box to deposit them in and give the broker secure access.

We have used Shoosmiths solicitors twice and they were excellent, but you need to choose from the lenders panel. Your broker should be able to advise on this too.

My recommendation is not to buy off-plan or brand new, as there is normally a new building premium to pay. However I try to buy at less than 20 years old if possible as I don't want to get involved in major refurbs.

Hope that helps.
 
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bernetec

New Member
The help of a broker is a great option if you are new to the real estate industry. Mistakes can be made even by those who think that their experience is enough to make the right choice. But I think it's better to save time and money and entrust everything to a broker. To do this, you need to learn as much as possible about the company. I understand your concerns, but it's enough to know just a few rules of network security. To begin with, you definitely need to find out how many people are willing to share their impressions of the work of brokers. When I was thinking about the services of Mortgage Broker Hull, I took a close look at their website and read the mentions of their work on the forums. I found enough evidence that the firm is real. Find people who are ready to tell you about the work of consultants and everything will be fine.
 
L

lavinire

New Member
from my experience the broker would normally charge you an extra £500-1000 apart from mortgage product fee. can't really see any difference between brokers if it is for new build
 
ManchandaRealtors

ManchandaRealtors

New Member
I am new to property and am planning to buy a new build property. I was asked by a broker to provide all contact details, bank statements, credit card details and proof of address for them to evaluate whether I could get a mortgage. I am worried whether sharing all these details online are safe and what precautionary measures should be taken to be safe against identity theft and other frauds.
Also what are the hidden charges. What solicitors are good? What are property survey firms etc to inspect the property?
Should I seek mortgage via broker or consult a bank or building society directly?
Thanks
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ManchandaRealtors

ManchandaRealtors

New Member
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I am new to property and am planning to buy a new build property. I was asked by a broker to provide all contact details, bank statements, credit card details and proof of address for them to evaluate whether I could get a mortgage. I am worried whether sharing all these details online are safe and what precautionary measures should be taken to be safe against identity theft and other frauds.
Also what are the hidden charges. What solicitors are good? What are property survey firms etc to inspect the property?
Should I seek mortgage via broker or consult a bank or building society directly?
Thanks
manchandarealtors..com is the best Real Estate Consultancy Company to Buy/Sale/Rent Residential/Commercial and Industrial Property anywhere in Gurgaon
 
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