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The money centre

Last post 06 Jun 2008, 8:30 AM by rigsby99. 18 replies.
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  •  31 May 2008, 5:14 PM 505372 in reply to 496081

    Re: The money centre

    I concur with Alan O. Individually, I've encountered both impressively on-the-ball and don't-know don't-care TMC agents (together with a worryingly inconsistent standard of advice), but the stinger for me was that they charge the 1% fee irrespective of whether you do the deal or not. It is unprofessional, usurious mickey-taking as far as I'm concerned not to reduce this charge if the deal collapses. They'll only sting me the once.

    To add insult to injury, they sent their bill a few weeks before a transaction completed, badgered me repeatedly by phone to pay up, *and* implied they'd throw a spanner in the works if they were not paid before my purchase completed. I kicked up a stink, stalled till the deal was done and *then* paid up.

    Their rhetoric about faster packing and good lender contacts is as far as I am aware based to some extent in reality (they're big), but there are other more respectful broker/ packager choices. As long as they exist, I'd not put TMC at the top of my list or at very least I'd get a written agreement for payment after completion and a much reduced fee if it does not complete.

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  •  02 Jun 2008, 6:36 PM 506006 in reply to 495863

    Re: The money centre

    try packaginghouse they dont charge fees,have exclusives including no rental schemes & have bmv mortgages tel o8452603103
  •  06 Jun 2008, 8:30 AM 508938 in reply to 496257

    Re: The money centre

    My experience is that are very good but fees on their buy-to-let mortgage products seem very high.  I've come across this buy-to-let mortgage enquiry form which is useful because it allows you to get a response from 5 mortgage brokers with one form, this includes the money centre.  There is also a option to use moneyback mortgages which means that you get half the commission back that would normally be paid to the mortgage broker - a nice little saving!

    FREE Online landlord software for UK Landlords to manage property. Property Hawk the Landlords Homepage.
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