Mortgage Intermediary for - Alliance and Leicester, Halifax, Abbey National, Northern Rock, Natwest, Intelligent Finance, Nationwide, Cheltenham and Gloucester, GMAC, Mortgage Express, Virgin ("now the one account"), Bank of Ireland, Royal Bank of Scotland, Leeds & Holbeck, BM Solutions (Birmingham Midshires), Coventry, UCB, and many more ..... however, between them the above lenders account for most of the cases as they span most borrowers individual circumstances. Click Here for an email quote back to your PC

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E-mail: Mortgage Arrangers

 A mortgage intermediary, also known as mortgage broker, intermediary, introducer, and mortgage adviser amongst other names, is a person who arranges mortgages on behalf of their client and by not being tied to any particular lender can search the available lenders products to get you the most competitive deals or find a lender that is willing to lend to you, even when your own efforts have failed to gain a "yes".

Under legislation that comes in to force in October 2004, mortgage intermediaries will be either "advisors or arrangers".

The difference is quite simple : a "mortgage advisor" will recommend a specific lender and interest rate i.e. Halifax 5 yr fixed at n% on the basis that they feel this is most suited to you.- whereas a "mortgage arranger" will provide information/quotes from a range of lenders and products so that the borrower can make an informed choice about which they feel suits them best, and ask the intermediary to arrange it for them.

Some intermediaries can and do charge fees however a lot of brokers rely solely on what is called a procuration fee that is paid by lenders. Almost all lenders pay these fees and they are not added to your costs, or incorporated in to your mortgage, so it is usually an effective and convenient way of arranging a mortgage knowing that someone is looking out for your interests, rather than you just dealing with one particular lender and  the limited range of products ( and income multiples)  that they offer.

Included in to the legislation will be the need for the intermediary to disclose the "procuration fee" he will be receiving from your eventual lender (a practice that Mortgage Arrangers.co.uk has adopted since it's launch over three years ago.)

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