Justmortgages.com Any thoughts, opinions.

[SuperNiceBig]

Son has just had his offer on a house accepted, first time buyer. Has seen his bank for mortgage and checked other main high street banks, building societies, good deposit so all happy to lend the amount he needs. Spoke to Justmortgages.com on recommendation from the estate agent. Two year fixed at 2.74%. £100 per month cheaper than above. Anyone used them, are they independent, any thoughts?
Thanks in advance. G.

[Sarnie]

Who is the actual mortgage with?

The company you are referring to seem to be a Broker, not the actual lender....

[SuperNiceBig]

Sarnie said:

Who is the actual mortgage with?

The company you are referring to seem to be a Broker, not the actual lender....

Didn't get that info in quote email, that and a few other question to ask next time, thanks Sarnie.

[Sarnie]

SuperNiceBig said:

Didn't get that info in quote email, that and a few other question to ask next time, thanks Sarnie.

I assume you also saw that they will be charging £495.................

[SuperNiceBig]

Sarnie said:

I assume you also saw that they will be charging £495.................

Yes, sort of off set by the lower payments………………….. Will ask more from broker.

[gjf764]

Spicer Haart estate agents by any chance....?

It's their mortgage broker!

[Sarnie]

SuperNiceBig said:

Yes, sort of off set by the lower payments………………….. Will ask more from broker.

Depending on the details, £495 is steep in my opinion.......

[SuperNiceBig]

gjf764 said:

Spicer Haart estate agents by any chance....?

It's their mortgage broker!

Yes, agent is Haart. Good or bad?
Ta.

[gjf764]

SuperNiceBig said:

gjf764 said:

Spicer Haart estate agents by any chance....?

It's their mortgage broker!

Yes, agent is Haart. Good or bad?
Ta.

No personal experience, however I would give Sarnie a chance rather than an in house broker as they may have vested interests. Other members on here have used him

[SuperNiceBig]

Thanks all, will be speaking to Sarnie.

[thepeoplespal]

Find out what the SVR (standard variable rate) is, as this might be the rate you get stuck on if mortgages become scarce, so a lower SVR might be a better long term bet if you are comparing rates.

[Sarnie]

thepeoplespal said:

Find out what the SVR (standard variable rate) is, as this might be the rate you get stuck on if mortgages become scarce, so a lower SVR might be a better long term bet if you are comparing rates.

The SVR of the product in question is 5.69%.

I think we've found a much better solution with a 2.79% rate with half the fees and a 3.99% SVR