I have had exactly the same experience with the developers I've been talking to about HomeBuy Direct. They assume that as a first-time buyer you are totally green and push you to their FA's.

Having looked at the forums though there is very little choice in mortgages out there, most banks won't touch this scheme with a barge-pole it seems and those that are available from RBS, Halifax, Nationwide or Woolwich are quite dear.

I've given up fighting the developer on this and gone with their FA simply because of the limited choice.

Thanks Sparky

'bully boy tactics' thats exactly what they were doing- it is almost like they are blackmailing us- use own FA's or you don't get the house. Well in that case- like you said we would walk away!

Thanks so much for your information- it has really helped

Thanks again

Rachel88

I would reccomend NOT using the financial advisor linked to the developer and also avoid using any reccommended solicitor.

I think that there is a conflict of interest in these relationships, and I personally don't like the hard sell type approach when these reccomendations are made.

Just tell them you already have an IFA that you have known for a long time, and have already got things moving.

If a developer too strongly pushes the use of a FA it is likely that there is some commision that would be fed back to the developers, and I'd consider walking away.

It is just bully boy tactics.

Good luck with it.

Sparky.