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Mortgage Brokers

30 November 2008

Poll started 01 Dec 2008: Mortgage Brokers Which system did you use the last time your changed/got a mortgage? For years, I’ve always said never go to your bank/building society to get a mortgage, always use a whole of market mortgage broker (see mortgage brokers guide), but I'm interested to see how people actually do it.

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Poll started 01 Dec 2008:

Mortgage Brokers

Which system did you use the last time your changed/got a mortgage?

For years, I’ve always said never go to your bank/building society to get a mortgage, always use a whole of market mortgage broker (see mortgage brokers guide), but I'm interested to see how people actually do it.

Results

A. Don’t have a mortgage 1,212 votes (20 %)
B. Not switched mortgage in the last five years 349 votes (6 %)
C. Direct bank/building society (or their advisor) 706 votes (12 %)
D. Simply renewed my deal with my bank 431 votes (7 %)
E. Mortgage Broker (fees free) 1,118 votes (19 %)
F. Mortgage Broker (paid a fee) 411 votes (7 %)
G. Independent Financial Advisor 837 votes (14 %)
H. DIY using comparison sites 771 votes (13 %)
I. DIY via execution only cashback mortgage broker   18 votes (0 %)
J. Other 84 votes (1 %)

                   5,937 votes received.

We try to use technology to limit voting to one per person. Occasionally, this may erroneously block a few people's votes (eg, from shared offices). Apologies for that.

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