Why should you choose a mortgage broker?

Many people think that getting a mortgage means heading straight to your bank but this can mean missing out on the right deal for your needs. It’s a bit like looking for car or life insurance - you want to take a look at what everyone has to offer first before you make a decision. The problem is, that it’s not always clear where to look. And that’s where we, an independent mortgage broker, can help.

Ultimately, it’s a mortgage broker’s job to find you the right mortgage for your needs, and here’s how we can help you do just that.

What can a mortgage broker do for you?

1. Assess your requirements with a simple chat

As mortgage brokers, we start by arranging one of our expert mortgage advisers to assess your requirements. This includes listening to your needs, looking into your current financial situation and taking the time to understand your circumstances. Because we understand that your time and money are precious.

2. Make recommendations that put your needs first

Once we’ve assessed your situation, we go away and search the market. Using our nationwide contacts we then come up with a product recommendation for you. We work with over 90 different lenders - so you aren’t restricted to just one bank or building society’s criteria. Having this flexibility means you’ll have much more choice and can find the mortgage deal that’s right for you.

3. Deal with the application, so you don’t have to worry

Once you’ve decided on a mortgage product, you can leave the rest in our hands - it’s that simple. You don’t have to waste any of your time filling out paperwork - we manage the whole application process for you. So you can be left to concentrate on what matters; whether that’s planning the move or your dream decor!

Why should you use a mortgage broker?

With a better understanding of what a mortgage broker does, the next question is obvious: should you use a mortgage broker? Although there are positives to going straight to a bank, many home buyers find that it is better to use a mortgage broker for the following reasons.

A mortgage broker can save you money and time.

We aim to make sure you never pay more than you need to. We do this by assessing your financial situation and making sure you’re on the right mortgage deal for your needs. If you aren’t, we recommend what we think could be better for you. We work with over 90 different lenders, giving us the flexibility to offer you a range of products. If one lender rejects your application, we’ll try another one. We also have access to exclusive deals that aren’t available on the high street which, again, gives you more variety.

We understand that life is busy, so we like to offer our customers flexibility when it comes to appointments. Our advisers offer evening and weekend appointments, both face-to-face or over the phone, so you don’t have to worry if you don’t have the time to see us, we can get all the information we need with a phone call.

Mortgage brokers can help you find mortgage protection too.

Not only will we ensure you get the right mortgage for your needs, but we’ll be there for you long after you get the keys to your new home. Not sure if you need life insurance? We offer advice on various kinds of mortgage protection - including critical illness cover, income protection, and building and contents insurance. We want to make sure that, if the worst was to happen, you’d be able to stay in your home and your loved ones would be looked after.

No mortgage advice is ‘free’, but a broker can give you value for money.

Mortgage brokers earn money on commissions paid by lenders. This means that even “free mortgage advice” is still paid for in one form or another. Some mortgage brokers may also charge a fee. For us, charging fees allows us to spend more time advising you, and supporting you throughout your application and means our advice can be wholly focused on your needs, rather than dependent upon the value of the lender commissions.

After all, a mortgage is probably the biggest investment you’ve ever made, so it makes sense to know you’re getting the right deal.

Still wondering why you shouldn’t just go to a bank?

Many people choose to use a bank or building society over a mortgage broker, simply because they prefer to stick to what they know. Others feel like they need to remain loyal to their bank - perhaps you’ve banked with them for years and like going in and seeing a friendly face. If you have banked with a particular bank for many years, you might find they offer a discount if you take out a mortgage with them, which also might help sway your decision.

Just be aware that by going direct to a bank you’ll be limiting yourself to one lender. You might find this is fine and they offer you a product that you’re more than happy to go with. However, if you feel like what they’re offering doesn’t quite fit the bill for you, then maybe that’s the time to get in touch with a mortgage broker who has access to a wider range of products.