Find which deals you qualify for and how much you could borrow. Whether you’re a first time buyer, a Buy to Let investor, moving home or simply looking for a better deal with a remortgage, we can help.
A mortgage broker, or adviser, is someone who will review the mortgages available to you based on your personal financial situation and apply for one on your behalf. They can save you time by telling you which lenders are likely to accept you and how to improve your application, and can speed up the process by dealing with some of the paperwork.
Using a broker can save you a lot of time and stress, as they will handle everything from searching for a deal to applying and communicating with the lender on your behalf. Mortgage brokers have expert knowledge of the mortgage market and will be able to recommend deals that suit your personal situation. They should also have access to software that allows them to search mortgage deals much faster and more thoroughly than you could yourself. A good broker will know which lenders are most likely to accept you and help you steer clear of applying for deals you’re unlikely to get (which can have a negative impact on future applications). Also, if you take out a mortgage using a broker you have the right to complain if the mortgage turns out to be unsuitable – an option that isn’t available if you apply without taking advice.
There are several things you should consider when choosing a mortgage adviser. One of the most important is whether they are whole-of-market. Some mortgage advisers and brokers will only recommend mortgages that are available from a select panel of lenders. Meanwhile, if you speak to an adviser based in a bank or building society, they will only tell you about their own product range. A whole-of-market broker will be able to assess every available mortgage so they can recommend the very cheapest or most suitable deal for you. This could potentially save you a lot of money.