Mortgage Home 18 May 2008 07:14:21
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Mortgage Broker


Definition of a Mortgage Broker
A Mortgage Broker is One who brings together a borrower and a lender.

Why not go straight to the lender?
Brokers work on a fee based or a commission based system.  Some brokers can get special rates which are agreed with the lenders.  These rates normally simply are not available to the man in the street.

 

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Duration Summary rate%

Problem Cases
2yrs APR 6.7% Adverse Credit 2 year fix 4.79%
Up to 95% available with 3 CCJ's or defaults to £1000 and/or up to 2 months' past loan arrears

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