Why use a mortgage broker?

A mortgage broker will save you time. A broker has access to whole of the mortgage and protection market through a comprehensive real time data base. Meaning, any product available throughout the UK by any lender can be a realistic option and solution at the click of a button. 

A mortgage broker will save you money. Historically home owners would simply go to their high street bank and accept their new mortgage terms for another set period. Currently there are over 200 different mortgage lenders in the UK, all with different lending criteria and rates. Your broker will have access to all of them and can secure the best deal for you. 

A mortgage broker will understand the specific needs and requirements of your case, the lenders unique selling points and specific lending criteria. All cases/situations are different and your broker will know which lenders will be a good match based on your situation.  

A mortgage broker will make the whole mortgage journey run smoother than if you were to carry it out alone. They will act as an intermediary or link between your unique needs and the lender whilst simultaneously offering expert advice based on training and recent experiences of similar situations. 

A mortgage broker is a trained professional who knows the mortgage market and understands your individual needs. They will explain and communicate with you throughout the process and ensure that you feel in complete control of the mortgage journey. There is a peace of mind in knowing that a trusting professional that can save you time and money is responsible for your personal finances. 

A mortgage broker will charge a client fee in the same way that a conveyancer/solicitor, the surveyor carrying out the home valuation and of course the estate agent will. While a mortgage broker’s client fee will be cheaper than those other ‘agents’ in the process, it is still something to be factored in. 

A mortgage broker will have access to exclusive deals. If you do not use a mortgage broker these deals will be unavailable to you. 

A mortgage broker will be able to source the entire mortgage network for you. Some lenders only deal with mortgage brokers and will not deal with a client directly. Those products will be unavailable to you. .

A mortgage broker will act as the go-between on all aspects of the journey. Without the use of a mortgage broker the client will have to work directly with the lenders.