Can A Mortgage Broker Get You a Better Deal?
A mortgage broker can often get you a better deal on your mortgage because we have access to more products and lenders than are available on the high street.
We can trawl through literally hundreds of mortgages available to find you a great deal on your mortgage.
Another way a mortgage broker can get you a better deal is because we have great relationships with lenders which means we sometimes have access to excusive mortgage deals!
I am a whole market lender, which means I’m not tied to any particular lender. I can provide you with an objective range of suitable mortgages for you to choose from.
What Are the Benefits Of Using A Mortgage Broker?
There are a few real benefits of using a mortgage broker.
- We save you time
- We save you money
- We are accountable
- I reduce your stress
Let’s have a look at each one of those benefits in turn.
1) A Mortgage Broker Saves You Time
If you have ever used a comparison tool to look for insurance you will know how time consuming it is. All those forms. All those questions.
Are you sure you are getting a good deal? Is the company reputable? Sometimes it feels like it isn’t worth the time spent on it.
Now imagine doing that to borrow hundreds of thousands of pounds. All whilst trying to find a new house, pack up yours, deal with solicitors, and all your usual tasks.
Once you find one, you still have to do all the paperwork.
If nothing else, using a mortgage advisor will save you hours and hours of time. We do all that for you.
But there is more!
2) A Mortgage Broker Will Get You A Better Deal
We save people money!
Because we have access to a wider range of lenders, we can often find cheaper mortgages than are available from high street lenders.
Not only that, but we understand the market and keep an eye on trends. This means we know the best types of mortgage to get for your circumstances that will give you security and affordability.
Your stage in life, employment status, assets, ambitions, and credit scores combine to build a picture for us of what sort of mortgage products may be suitable for you.
3) We Are Accountable
Mortgage brokers are regulated by the Financial Conduct Authority (FCA). This means we have to perform within their guidelines and regulations.
Part of that is working with the lenders to make sure you can afford to repay your mortgage.
We also must make sure the mortgage product we sell you is suitable.
If something does go wrong, you can complain to the ombudsman. This gives you an extra layer of security and peace of mind.
Not only does a mortgage broker get a better deal on your mortgage, but they also make the process less risky.
4) I Reduce Your Stress
The reason I started this point with ‘I’ instead of ‘we’ is because this is part of what makes my services unique.
Buying a house is stressful. That’s not a secret.
Disputes with sellers, slow solicitors, deals falling through…there is a lot that can go wrong. Even buying a property to let and getting a buy to let mortgage can be stressful.
That is why I stick with my clients right through to exchange and completion. I then contact you to review your mortgage at regular intervals.
I am on hand to answer all your questions, introduce you to trusted professionals you might need, such as solicitors and estate agents, and deal with any red tape you might encounter.
I contact you when your term is coming to an end to see if I can get you a better deal, save you money, or reduce your overall mortgage length.
And the best bit? You only pay me once. Any work I do for you afterwards is free of charge!
Can I Help?
Undoubtedly, a mortgage broker can get you a better deal. Choosing me as your mortgage broker will save you money, time, and hassle as well.