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Atricle Dump - UK Mortgage Brokers - Independent My A**
Buying health insurance does not have to be complicated. Indeed, many people feel over whelmed when they look at an insurance brochure. In order to help simplify the process here are ten things you should look for when shopping for a health insurance policy.1. Amount of your deductible. This is the dollar amount you pay up front for medical services before the policy begins paying any benefits. If the coverage is to be for more than one family member check to see if everyone to be covered has an individual deductible or if everyone is covered under just one deductible. If there is a deductible for each person on the policy, most companies will set a maximum of three people who must meet the deductible. After that, they will consider the year's deductible to be satisfied. Usually, the higher the deduct
Clarify it with: 'Do you offer mortgages from a panel of lenders?'
Or if you like put it this way: 'Are you going to choose a mortgage for me as we speak across all available UK mortgage lenders?'
If you're not sure of their answer, here's a simple solution: Get another quote!
And while you’re at it…
Don't accept any old mortgage just 'cos your desperate
Not all lenders are actually "acceptable'' to you.
They may wear suits and have straight faces but there are some dodgy people out there.
It would be very reassuring to know that your independent broker is prepared to say 'not suitable' about a particular lender even if the lender is prepared to give you a mortgage.
Who are we talking about? Well for instance lenders who regularly "sell on" their mortgage books so you are eventually perhaps left with a lender you haven't heard of, or worse still, lenders who are not interested in after sales but merely in receiving their interest repayments.
"Independent Mortgage B
Pride. Envy. Gluttony. Lust. Anger. Greed. Sloth. You either recognize these as the seven deadly sins or as themes for prime-time television. Nonetheless, you were probably taught as a child that these are bad and you shouldn't do them. For purposes of this article, do as you were taught and think bad when you commit these similar sins in the workplace.As leaders, we are continually being introduced to new techniques and theories. Hammer & Champy's Business Process Re-engineering Model, McKinsey's 7-S Framework, and Kenichi Ohmae's 3C's Strategic Triangle are all examples of strategic models designed to help leaders think about their business in different and innovative ways. What sits on top of all of the models and frameworks, though, are a series of foundational attributes that every leader should possess
You'll have noticed - or should have assuming you are shopping around from scratch for the best mortgage deal - the words 'Independent mortgage broker' bandied about quite a bit.
Well 'caveat emptor ' pal - which is Gladiator-speak for 'buyer beware' - because these individuals and firms are not quite so 'independent' - or impartial - as you and I might imagine.
According to the Financial Services Authority (the mild mannered referee for mortgage brokers not prone to dishing out red cards) it's cool for a broker to call himself/herself 'independent' provided:
1 He/she offers a 'fee-only' service; because this avoids any notion of back-handers implied by commissions and
2 He/she claim to represent the whole of the market.
Actually neither of these safeguards actually safeguard the consumer.
Firstly most consumers are not really concerned whether the broker is fee - or commissioned - based provided they get a mortgage and they don't have to pocket out any money upfront.
If you can't avoid a fee-based scenario be wary: staggering figures of up to 1.5% of the total mortgage have been quoted (albeit for sourcing 'difficult' or poor credit sources).
So aim well below that and steer clear of any broker wanting to charge you before completion.
Secondly the 'whole of the market' according to the FSA can be a selection or panel of lenders so long as this 'bundle' represents the open market and the broker scans the top deals every 8 weeks. (That's a long time in the UK mortgage business).
This means your supposedly independent UK mortgage broker is probably cherry picking from a limited - you might say 'cosy' - number of mortgage lenders, say 20, rather than shopping around the whole marketplace - where there are potentially 4,000 types of UK mortgage deals from over 100 UK mortgage lenders.
Now that's not to say they ain't getting you a good deal... and OK, maybe researching the whole market is too time-consuming, not cost-effective for them....
But let's be clear that it's just not as 'independent' as you or I might imagine.
Does it Matter?
Well yes it does. As consumers we want to feel we are getting access to the widest choice and options available for our biggest financial commitment ever.
Moreover the other real benefit of an 'independent' mortgage broker is that they should be able to tap into the secondary mortgage lenders (rather than the high street lenders) who will give mortgages if you have a poor or bad credit rating.
These days it's easy to clock up a bad credit rating in the UK (like a speed camera fine) but harder to clean the slate (6 years, longer than the 3-year speeding fine).
So secondary sources of mortgage for people with adverse credit are becoming more and more necessary.
Anyway a good 'independent' mortgage can sort this out for you - it's been known for registered bankrupts to get mortgages. So there's hope for us all.
So Let's Clarify
You can call yourself an 'independent' mortgage broker while not covering the whole of the market.'
But you can also offer the whole of the market, AND NOT be classified as 'independent'.
Isn't that great ! Tony Blair must be so proud of his new law.
This wierd double think is because there are brokers out there who don't want to bother with the pretence of fees but are quite open about commissions (which is what the consumer generally prefers) because in effect brokers are paid on results and wouldn’t dream of charging for a search.
Commission-based is also generally cheaper and such brokers may represent more of the market than those labelling themselves 'independent'.
L&C is a typical example, a UK-wide firm of mortgage brokers which operates with over three times the number of lenders used by so-called 'independent' brokers.
Asking the Right Questions
So as a consumer simply ignore the term 'independent' - until the FSA decides to get it's act together.
Instead, whether you choose a one-man/woman show (perhaps an ex-Building society branch manager) or plum for a larger UK mortgage brokers firm, with all the slick presentation you'd expect, ask these basic questions before committing:
'Are you a member of a network?'... If yes they're probably only able to access a limited number of mortgage lenders.
Clarify it with: 'Do you offer mortgages from a panel of lenders?'
Or if you like put it this way: 'Are you going to choose a mortgage for me as we speak across all available UK mortgage lenders?'
If you're not sure of their answer, here's a simple solution: Get another quote!
And while you’re at it…
Don't accept any old mortgage just 'cos your desperate
Not all lenders are actually "acceptable'' to you.
They may wear suits and have straight faces but there are some dodgy people out there.
It would be very reassuring to know that your independent broker is prepared to say 'not suitable' about a particular lender even if the lender is prepared to give you a mortgage.
Who are we talking about? Well for instance lenders who regularly "sell on" their mortgage books so you are eventually perhaps left with a lender you haven't heard of, or worse still, lenders who are not interested in after sales but merely in receiving their interest repayments.
"Independent Mortgage Br
Since 2001, major health insurance providers have been allowing consumers to buy policies online. Through the convenience of the internet, consumers are able to compare prices and coverage to find the best insurance policy for them. Before you sign up with a health insurance provider, you should consider price, company history, and coverage to make sure you find a good plan for your situation.Identify Your Coverage NeedsBefore you start gathering quotes for health insurance policies, identify how much coverage you will need. Start by looking over your past medical expenses for the last three years. Do you need a lot of coverage or do you rarely need to see a doctor?Next, consider your future expected medical expenses. Are you looking to cover typical office visits through the year? Or do
So aim well below that and steer clear of any broker wanting to charge you before completion.
Secondly the 'whole of the market' according to the FSA can be a selection or panel of lenders so long as this 'bundle' represents the open market and the broker scans the top deals every 8 weeks. (That's a long time in the UK mortgage business).
This means your supposedly independent UK mortgage broker is probably cherry picking from a limited - you might say 'cosy' - number of mortgage lenders, say 20, rather than shopping around the whole marketplace - where there are potentially 4,000 types of UK mortgage deals from over 100 UK mortgage lenders.
Now that's not to say they ain't getting you a good deal... and OK, maybe researching the whole market is too time-consuming, not cost-effective for them....
But let's be clear that it's just not as 'independent' as you or I might imagine.
Does it Matter?
Well yes it does. As consumers we want to feel we are getting access to the widest choice and options available for our biggest financial commitment ever.
Moreover the other real benefit of an 'independent' mortgage broker is that they should be able to tap into the secondary mortgage lenders (rather than the high street lenders) who will give mortgages if you have a poor or bad credit rating.
These days it's easy to clock up a bad credit rating in the UK (like a speed camera fine) but harder to clean the slate (6 years, longer than the 3-year speeding fine).
So secondary sources of mortgage for people with adverse credit are becoming more and more necessary.
Anyway a good 'independent' mortgage can sort this out for you - it's been known for registered bankrupts to get mortgages. So there's hope for us all.
So Let's Clarify
You can call yourself an 'independent' mortgage broker while not covering the whole of the market.'
But you can also offer the whole of the market, AND NOT be classified as 'independent'.
Isn't that great ! Tony Blair must be so proud of his new law.
This wierd double think is because there are brokers out there who don't want to bother with the pretence of fees but are quite open about commissions (which is what the consumer generally prefers) because in effect brokers are paid on results and wouldn’t dream of charging for a search.
Commission-based is also generally cheaper and such brokers may represent more of the market than those labelling themselves 'independent'.
L&C is a typical example, a UK-wide firm of mortgage brokers which operates with over three times the number of lenders used by so-called 'independent' brokers.
Asking the Right Questions
So as a consumer simply ignore the term 'independent' - until the FSA decides to get it's act together.
Instead, whether you choose a one-man/woman show (perhaps an ex-Building society branch manager) or plum for a larger UK mortgage brokers firm, with all the slick presentation you'd expect, ask these basic questions before committing:
'Are you a member of a network?'... If yes they're probably only able to access a limited number of mortgage lenders.
Clarify it with: 'Do you offer mortgages from a panel of lenders?'
Or if you like put it this way: 'Are you going to choose a mortgage for me as we speak across all available UK mortgage lenders?'
If you're not sure of their answer, here's a simple solution: Get another quote!
And while you’re at it…
Don't accept any old mortgage just 'cos your desperate
Not all lenders are actually "acceptable'' to you.
They may wear suits and have straight faces but there are some dodgy people out there.
It would be very reassuring to know that your independent broker is prepared to say 'not suitable' about a particular lender even if the lender is prepared to give you a mortgage.
Who are we talking about? Well for instance lenders who regularly "sell on" their mortgage books so you are eventually perhaps left with a lender you haven't heard of, or worse still, lenders who are not interested in after sales but merely in receiving their interest repayments.
"Independent Mortgage B
While credit card debt is a major distributor to millions of bankruptcies every year, the sad part is that it can be easily avoided. Too often people get themselves into trouble by applying for credit cards without researching what kinds of interest rates and fees are tacked on to the card.People tend to look solely at what they will be putting on the credit cards themselves. By the time you add up all of your charges along with all of the fees and interest rates, it can be overwhelming to make full payments on time. And that is where credit card debt comes into play.What do most people do from here? Spend even more and dig them into an even bigger hole to try and get out of. It can be difficult to not run up high charges on your credit card, especially if you have a high limit on the card. Howev
Well yes it does. As consumers we want to feel we are getting access to the widest choice and options available for our biggest financial commitment ever.
Moreover the other real benefit of an 'independent' mortgage broker is that they should be able to tap into the secondary mortgage lenders (rather than the high street lenders) who will give mortgages if you have a poor or bad credit rating.
These days it's easy to clock up a bad credit rating in the UK (like a speed camera fine) but harder to clean the slate (6 years, longer than the 3-year speeding fine).
So secondary sources of mortgage for people with adverse credit are becoming more and more necessary.
Anyway a good 'independent' mortgage can sort this out for you - it's been known for registered bankrupts to get mortgages. So there's hope for us all.
So Let's Clarify
You can call yourself an 'independent' mortgage broker while not covering the whole of the market.'
But you can also offer the whole of the market, AND NOT be classified as 'independent'.
Isn't that great ! Tony Blair must be so proud of his new law.
This wierd double think is because there are brokers out there who don't want to bother with the pretence of fees but are quite open about commissions (which is what the consumer generally prefers) because in effect brokers are paid on results and wouldn’t dream of charging for a search.
Commission-based is also generally cheaper and such brokers may represent more of the market than those labelling themselves 'independent'.
L&C is a typical example, a UK-wide firm of mortgage brokers which operates with over three times the number of lenders used by so-called 'independent' brokers.
Asking the Right Questions
So as a consumer simply ignore the term 'independent' - until the FSA decides to get it's act together.
Instead, whether you choose a one-man/woman show (perhaps an ex-Building society branch manager) or plum for a larger UK mortgage brokers firm, with all the slick presentation you'd expect, ask these basic questions before committing:
'Are you a member of a network?'... If yes they're probably only able to access a limited number of mortgage lenders.
Clarify it with: 'Do you offer mortgages from a panel of lenders?'
Or if you like put it this way: 'Are you going to choose a mortgage for me as we speak across all available UK mortgage lenders?'
If you're not sure of their answer, here's a simple solution: Get another quote!
And while you’re at it…
Don't accept any old mortgage just 'cos your desperate
Not all lenders are actually "acceptable'' to you.
They may wear suits and have straight faces but there are some dodgy people out there.
It would be very reassuring to know that your independent broker is prepared to say 'not suitable' about a particular lender even if the lender is prepared to give you a mortgage.
Who are we talking about? Well for instance lenders who regularly "sell on" their mortgage books so you are eventually perhaps left with a lender you haven't heard of, or worse still, lenders who are not interested in after sales but merely in receiving their interest repayments.
"Independent Mortgage B
SEO software does what exactly?SEO software frequently starts from the following assumption:- look at the page that ranks number 1 in Google,
- do exactly the same + a bit better,
- and you will be number 1SEO software will then examine "all" the SEO parameters that it finds out about the number 1 site in Google. Then this SE software will automate the process in mimicking this for your site.SEO is more than a software-approach!SEO is the art of ranking number 1 in any search engine for any keyword.Spiders rank a web site number one because spiders "think" that this site deserves to be number one. Of course the spider cannot think: there needs to be a programmer who programs the spider to find out which site is best.Now if you are smart enough
This wierd double think is because there are brokers out there who don't want to bother with the pretence of fees but are quite open about commissions (which is what the consumer generally prefers) because in effect brokers are paid on results and wouldn’t dream of charging for a search.
Commission-based is also generally cheaper and such brokers may represent more of the market than those labelling themselves 'independent'.
L&C is a typical example, a UK-wide firm of mortgage brokers which operates with over three times the number of lenders used by so-called 'independent' brokers.
Asking the Right Questions
So as a consumer simply ignore the term 'independent' - until the FSA decides to get it's act together.
Instead, whether you choose a one-man/woman show (perhaps an ex-Building society branch manager) or plum for a larger UK mortgage brokers firm, with all the slick presentation you'd expect, ask these basic questions before committing:
'Are you a member of a network?'... If yes they're probably only able to access a limited number of mortgage lenders.
Clarify it with: 'Do you offer mortgages from a panel of lenders?'
Or if you like put it this way: 'Are you going to choose a mortgage for me as we speak across all available UK mortgage lenders?'
If you're not sure of their answer, here's a simple solution: Get another quote!
And while you’re at it…
Don't accept any old mortgage just 'cos your desperate
Not all lenders are actually "acceptable'' to you.
They may wear suits and have straight faces but there are some dodgy people out there.
It would be very reassuring to know that your independent broker is prepared to say 'not suitable' about a particular lender even if the lender is prepared to give you a mortgage.
Who are we talking about? Well for instance lenders who regularly "sell on" their mortgage books so you are eventually perhaps left with a lender you haven't heard of, or worse still, lenders who are not interested in after sales but merely in receiving their interest repayments.
"Independent Mortgage B
Don't drown in your debts, manage them instead! Rather than paying off many separate bills each month, you can use debt strategies to combine your monthly payments into one easy-to-manage bill per month. Debt consolidation gives you the power to get out of debt with the help of a certified debt consolidation agency. In order to properly manage your debt and help you to get rid o your debt in timely basics, a debt consolidation always goes with a debt management plan.Your debt counselor from debt consolidation agency will normally ask you to enroll into one of their debt management plan. If you decide to enroll in a Debt Management Plan, do your homework before signing anything. Here are some guidelines for your reference before you put your signature on to the debt management contract.1. Check
Clarify it with: 'Do you offer mortgages from a panel of lenders?'
Or if you like put it this way: 'Are you going to choose a mortgage for me as we speak across all available UK mortgage lenders?'
If you're not sure of their answer, here's a simple solution: Get another quote!
And while you’re at it…
Don't accept any old mortgage just 'cos your desperate
Not all lenders are actually "acceptable'' to you.
They may wear suits and have straight faces but there are some dodgy people out there.
It would be very reassuring to know that your independent broker is prepared to say 'not suitable' about a particular lender even if the lender is prepared to give you a mortgage.
Who are we talking about? Well for instance lenders who regularly "sell on" their mortgage books so you are eventually perhaps left with a lender you haven't heard of, or worse still, lenders who are not interested in after sales but merely in receiving their interest repayments.
"Independent Mortgage Brokers" are NOT "Independent Financial Advisors".
Remember also that we're talking about "Independent Mortgage Brokers" NOT "Independent Financial Advisors". The latter not only source from "the market" but will or should throw in other advice simultaneously to arranging the mortgage.
For example they should advise you on the suitability of either existing or new insurance covers, possible pension linking and the fact that some lenders will only lend via intermediaries, so their offers would never be available via High Street, newspapers or, internet.
IFAs have been well policed by the FSA and its forerunners since 1988.
Finally; be careful out there my friend. This is your mortgage, not your broker's.
Good luck
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