Why Use A Mortgage Advisor
Why you should consider using a mortgage Adviser.
1. Less stress
Applying for a mortgage and buying a property – especially for the first time, can be a really stressful process. But we will be by your side, guiding you through the whole process: from completing the application form right through to the day you collect your keys.
We will take care of much of the administration and will deal directly with the lender on your behalf, making life so much easier for you. So, whilst you’re at work, you will have peace of mind of knowing that we are progressing your application, and keeping the estate agent and Solicitor updated - meaning less of everything for you to deal with!
And with our extensive knowledge and experience of the mortgage industry, there is less chance of things going wrong. We will take care of exactly what you need to do to and when you need to do it, completing your mortgage as quickly and smoothly as possible.
Professionally qualified, and with years of experience in the industry, you can be assured that we will be able to offer you the correct advice and qulity of service.
2. Access to a comprehensive range of lenders
We are not tied to any specific lenders and have access to a far wider range of mortgages than members of the public can obtain. This is because some lenders don’t deal with the public directly, and are only work with mortgage brokers - or they may have exclusive mortgage products which are only available through a broker.
We may be also be able to get a larger loan amount than your own lender would consider, or get you other incentives such as assistance with survey costs or cashbacks which you could put towards your legal fees.
Having more choice simply means that we are more likely to find a lender better suited to you and your individual circumstances.
3. Speeding up the process, saving you time and money
Working with a mortgage broker really can help to speed up the process of applying for a mortgage.
For example, we will check the lenders criteria and eligibility requirements before you apply, with the aim of getting your application accepted the first time, whenever possible.
We know exactly what paperwork a lender requires for your application, so that you can gather everything at the outset, saving time going back and forth with the lender.
We are on hand to take calls from the lenders processing team during the day whilst you’re at work and unable to take personal calls . This Means we can deal with matters on your behalf and resolve any issues quickly.
We can meet you to get the application forms completed or discuss your application outside of office hours when the banks are closed.
Finally, because we take responsibility for the advice, “package your application” for the lender, and have trusted strong relationships with lenders, we can usually make the processing time of your application much shorter.
4. We will consider your wider needs
Whilst our primary as a mortgage broker is to match you with the right mortgage deal, we will also advise you and guide you on some of your wider homeownership needs.
For example, we can help you protect you, and your new home by recommending appropriate insurance cover which could help pay or even clear the mortgage in the event of your death, being unable to work due to long term illness, or repairing your property following an event such as a fire, flood, storm or theft.
5. Working with you in the future
We will be on hand to help you again in the future. For example, when your mortgage product is coming to its end, we will review your options again by comparing the rates on offer from your current lender with those available from the rest of the market, ensuring that you can get the most suitable rates available, hoping to save you as much money as possible.
As your mortgage advisers, we aim to build a long term relationship with our clients, helping and advising you throughout the life of your mortgage. For example, we can also be of assistance in times where you may wish to borrow extra money against your home for repairs or improvements, or to find purchases such as a car. We can also provide the right guidance and advice should you wish to pay off some or all of your mortgage early - either as a one off payment or as a regular arrangement.
6. You're protected
As your mortgage broker, we will ensure that you receive the correct advice, and will recommend the most suitable product for you, based on what you can comfortably afford.
We will carefully assess your circumstances, looking at your incomes, your commitments and your anticipated expenditure, to help work out a comfortable monthly budget for your future mortgage payment. We will also consider your situation should you have a change in circumstances, for example if mortgage rates or living costs rise in future so you are fully aware of how much you can senisbly afford to borrow.
7. Should I use the estate agents own mortgage broker?
Getting a mortgage is probably the largest financial commitment you will ever take out, so its only natural that you should want to get the best possible advice before proceeding. And whilst it might be convenient to see a broker who's based in the same offices as the agent selling your dream home, there could be a downside too.
Not all mortgage advisers work across the whole market, many estate agency brokers only source mortgages from a limited panel of lenders.
One way to do this would be to seek the advice of a specialist, who will be able to guide you through the mortgages on offer and find the correct one for your circumstances .
Also, by providing all of your financial information to a broker based within the estate agency selling the house, could cause a conflict of interest and reduce your bargaining power.
Getting impartial advice when taking out a mortgage is always a better option, and choose a broker working just for you.
