Taking out a mortgage, whether it’s your first or if you’re looking to remortgage or move home, is a massive financial decision and can be very complicated. Mortgage brokers can help with making the process smoother whilst also providing advice on which mortgage deal would be most suitable for you. Below are more reasons why it would be beneficial to speak with a mortgage advisor:

– Extensive knowledge of lenders’ criteria – Not only does this improve your chances of being accepted for a mortgage but it will save your time researching and reduces the chances of a possible declined application.

– Exclusive intermediary rates from lenders – Many lenders offer rates that are only available via an intermediary like a mortgage broker so this may save you money compared to if you were to approach a lender directly.

– Mortgages Advisers are fully qualified and regulated – Advisers will treat you fairly and make sure they recommend the mortgage that is most suitable for you.

– Access to specialist lenders for specialist needs – Situations such as adverse credit, contractors, holiday lets etc may not fit into the criteria of the main high street banks. Mortgage brokers tend to have an extensive panel of lenders which would be more likely to lend in these scenarios.

– Reminding you when your deal comes up for renewal – One of the best parts of having a mortgage broker to arrange your mortgage is that they continue to provide a smooth and stress-free service even after you have completed. We aim to contact clients around 6 months before your deal comes to an end to discuss options for a new deal. This will leave plenty of time to get something in place and complete any legal work if required.

– Dedicated contacts at lenders – Brokers have access to dedicated support teams and direct area contacts who are able to assist with updating and processing your application as well as helping with escalations if need be. This saves you time from sitting on the phone to a lender.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.