ASK507: Is it worth paying this broker fee? PLUS: What types of BTL property should I invest in?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 20 January 2026
⏱️ 10 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | Hi, I'm Rob and I'm Rob and this is Ask Rob and Rob. |
| 0:06.4 | Hey everyone, welcome to Ask Rob and Rob, this show where you get your wonderful questions in. |
| 0:11.7 | We give you some heartfelt answers, some answers with effort and care return to you for this wonderful format. |
| 0:18.3 | And this wonderful format has been going for a long time now. |
| 0:38.9 | So let's keep this show on the road. Let's get your questions in. Rob, can we get a quick reminder how our dear listeners can get their lovely questions onto the show? We sure can. All you've want to do is go to property hub.net slash ask. That's property hub.net slash ask. You can send us a written question for our signing times column or our favorite option send us a voicemail but then we can answer you right here on this show first up let's listen to our |
| 0:43.5 | questioning from musa hi rob and rob it's musa here thank for all the great content you put out |
| 0:49.4 | on the podcast it's really helped me on my property journey over the last few years. My question |
| 0:54.9 | relates to broker fees. So I do have a broker at the moment who operates as a sole trader. |
| 1:01.1 | And they don't charge me a fee directly. They get their commission from the lender. But I have |
| 1:06.1 | been looking at potentially getting a new broker and I've done research into several firms |
| 1:10.6 | that offer a mortgage broker services.'ve done research into several firms that offer |
| 1:11.2 | a mortgage broker services. And I found that they typically do charge the client a broker fee. |
| 1:17.4 | And that fee is often in the upper hundreds, maybe in the 500 to 800 pound range. And I just |
| 1:23.0 | wanted to get your guys thoughts on whether you feel that's worth it. In my head, I'm a bit hesitant. |
| 1:29.5 | I'm a bit confused as to the need to charge me a fee or the value they can generate to justify |
| 1:35.6 | that amount. For a broker deal, I'd like to see that they've been able to provide me with a product |
| 1:41.3 | or access to a lender that potentially other brokers couldn't. |
| 1:44.9 | That's provided me with a savings equivalent to that fee that they are charging. |
| 1:49.8 | But I find that hard to believe that sole trade of brokers or online brokers who don't charge a fee, |
| 1:57.2 | I find it hard to believe they wouldn't have the same level of access to a market. |
| 2:01.2 | So I'm just a bit confused here and I like your thoughts on whether I'm missing something, |
| 2:05.6 | whether brokers who operate as professionals or professional firms are worth the money they charge |
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