6 Jul

Homebuyers buying estate agent loans 'should seek advice'

Homebuyers buying estate agent loans 'should seek advice'

People who have been encouraged to buy a loan from their estate agents have been given advice on how to get the best deal.

Writing for the Daily Mail, Neil Simpson recommended that customers should not feel obliged to buy a mortgage from an estate agent as their primary job is to find "the home of [their] dreams".

However, he also revealed that an increasing number of agents are selling home loans when they secure the sale of the property as they can earn up to 0.25 and 0.5 per cent of the mortgage price in commission.

Mr Simpson reminded Daily Mail readers to make sure their estate agent looked around the entire market for the best mortgage.

The expert also advised customers to do their homework on the best mortgage deals as well to make sure to "cover all [their] bases".

Writing for ClaimsFinancial.co.uk, Elliot Wright recommended finding a reputable estate agent as the first step for any homebuyer looking to purchase mortgages from them too.
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