Why Hiring a UK Mortgage Broker Is Probably a Good Idea
In this week’s installment of Merryn Talks Money, we discuss the pros and cons and what you should be looking for.
Photographer: Hollie Adams/Bloomberg
Subscribe to Merryn Talks Money on Apple Podcasts
Subscribe to Merryn Talks Money on Spotify
In this week’s installment of Merryn Talks Money, hosts Merryn Somerset Webb and Money Distilled author John Stepek continue their UK housing mini-series. On this episode, they question the value-add of mortgage brokers when buying a home in Britain. How essential are they?
Webb and Stepek are joined by Ray Boulger, the senior mortgage technical manager at independent mortgage broker John Charcoal and an authority on the UK mortgage brokerage industry. They speak about dealing with conflicts of interests, why brokers get paid by both the person taking out the mortgage and the lender, how to tell if a broker is good at their job and why choosing a mortgage isn’t just about getting the best rate.