From: "Rob graham" 
Newsgroups: uk.finance
Subject: Re: Mortgages-should i use a broker?
Date: Fri, 12 May 2006 07:51:15 +0100


"Robert"  wrote in message 
news:1147351663.121330.100390@q12g2000cwa.googlegroups.com...
> "A broker may or may not get a fee from the lender - probably does, and
> is
> typically about 0.3% of the loan amount, but will vary. The amount of
> the
> fee does not affect the deal the client gets."
>
> the broker's fee might not affect the deal the client would get from
> any particular lender but it might affect the broker's choice of
> lender, might it not?
>
> Robert
>

If you go to a broker who charges say 0.5%, with a refund of anything the 
lender gives him, then you know he'll get paid (if the deal goes through), 
he knows he'll get paid, and you know that even lenders who don't pay 
anything to the broker will still be in his list. This should be a comfort 
to you.

You can't expect him to work for nothing - or can you?

Rob Graham