Why use a mortgage broker when looking for your next mortgage?

Why use a mortgage broker when looking for your next mortgage?

A mortgage is one of the biggest financial decisions you will make during your lifetime, so it’s no surprise that finding the right mortgage can feel a bit stressful.

Just as you would look for car or home insurance and compare what’s on the market, it also makes sense to look at all the mortgage options that are out there before making a decision.

Where to look for mortgage advice

Whilst many turn to their bank or building society when thinking of applying for a mortgage, this means they’re limited to those companies’ mortgage products which may not be right for them. With a lot of banks' opening hours now reduced, it also makes securing an appointment more difficult.

In today’s digital age, in order to find the best mortgage option, you really need to research all the deals out there and not simply limit yourself to a few. However, the thought of spending hours researching online, sifting through hundreds of mortgages to find the best deal can be really daunting, not to mention time-consuming, and with no guarantee of a mortgage acceptance, it’s no wonder that some people are put off from applying in the first place.

That’s where a mortgage broker comes in.

mortgage advice

What does a Mortgage Broker do?

It’s the job of a mortgage broker to find you the right mortgage for your needs and to suit your circumstances. They can do this by: 

1. Having a simple 15-minute chat

This gives our expert Mortgage Advisers the chance to listen to your requirements, look into your current financial situation and understand your personal circumstances.

2. Making recommendations that put your requirements first

Once they’ve assessed your situation, they search the market using their bespoke sourcing system to find a mortgage most suited to your circumstances. Unlike a bank or building society, which is restricted to only offering its own products, with its own lending criteria, our Mortgage Advisers have access to over 12,000 mortgages from over 90 lenders, giving you much more choice and the opportunity to find the very best deal that’s right for you.

3. Dealing with the application and removing the hassle from you

Once you’ve decided which mortgage you want, you can leave the rest to us – it’s that easy. We manage the whole application process for you which means you don’t waste time filling out paperwork and can focus on what really matters to you instead – whether that’s planning the move or shopping for new sofas.

mortgage broker

Why use a Mortgage Broker?

Save money

Our aim is to ensure you never pay a lender more than you need to. Our Mortgage Advisers do this by assessing your current financial situation and with access to over 12,000 mortgages from over 90 lenders, this gives them the flexibility to offer you a range of products, not just one or two. Many of these mortgage deals aren't even available to High Street lenders.

As well as this, if one lender rejects your application, our advisers will try another lender. 

Save money on your mortgage

Save time

We know how busy life is so we like to be flexible when it comes to appointments. Our Mortgage Advisers offer evening and weekend appointments, either in-person, over the phone or via video call, and use these to get all the information they require from you. No need for you to spend weeks doing your own research. With access to their sourcing system which is updated on a daily basis, they can then search through 12,000 mortgages with just one click, saving you precious time.

Get value for money

All mortgage brokers earn money on the commission paid by the lenders. Whilst our Mortgage Advisers charge a fee, by doing this it enables them to spend more time supporting you through your application and means their advice can be solely focused on your needs, rather than be dependent on the value of the lender commissions.

Additional advice

Our mortgage advisers aren’t just there to help find the right mortgage for you, they also offer additional services like critical illness insurance and income protection to protect you and your family once you’ve moved in.

Get value for money on your mortgage

What to expect at a mortgage appointment

There are 3 main steps involved when seeing a mortgage adviser:

1. Assessment - This is where you sit down with your adviser, or talk to them via video call or over the phone, and discuss your requirements, looking into your financial and personal situation. A good adviser will also explain, in clear terms, the many jargon-filled phrases that come with buying a mortgage, ensuring you feel informed and confident throughout your application process.

2. Industry Expertise - Once your circumstances have been assessed and recommendations have been given to make your application the best it can be, your adviser will then search the industry for the very best deal. Your adviser has access to over 12,000 mortgages deals from over 90 different lenders and can use their expertise to know which lender is most likely to lend on the type of property you wish to buy.

3. The Application - Once your perfect deal has been found, the mortgage adviser will then set up your application and send this off. Better still, if your application is accepted, our team will manage all the paperwork for you, leaving you valuable time to look at possible dream homes.

We can help you find the right mortgage

Everyone is different and there is no right or wrong way to go about getting a mortgage.

Whether you’re looking to buy your first home or your forever home, or if you’re thinking of re-mortgaging your current home or investing in a Buy-to-let property, contact one of our professional in-branch mortgage advisers today to see how they can help find the right mortgage for you.