Whether you're looking for a first-time buyer mortgage with a 95% LTV, a self-employed mortgage or a remortgage on an existing property, a mortgage broker can help you to find the right mortgage at the right rate - and boost your chances of being accepted for your chosen product.
Why use a mortgage broker?
When you choose a mortgage broker, you gain the expertise and experience of an accredited and qualified professional in the complex field of mortgages.
Access to the right mortgage products is more important than ever in today's testing times, especially as many lenders have withdrawn their most competitive rate mortgages from the market. With deals and lending criteria changing daily, it can be very hard to find the right mortgage for you - especially for a higher LTV mortgage or a mortgage for anyone with a bad credit history. But a mortgage broker can help you to overcome these hurdles and to find the right product for your needs.
When you choose to use a mortgage broker, you benefit from:
Access to a broader pool of mortgages - as many lenders only offer their best mortgages via brokers (and keep them 'hidden' from the consumer market - meaning that only your broker can see these special rate deals and help you to apply for them.)
Access to the best possible mortgages for special situations - such as low-deposit mortgages or 95% LTV mortgages, self-employed mortgage products and bad-credit mortgages.
Advice and guidance for a successful mortgage application and on the right products for your individual needs.
A faster mortgage application, as your broker will have the processes and expertise to fast-track your mortgage with the lender, and to rapidly resolve any queries that arise as part of the application process.
Access and advice on related products such as home insurance, to ensure that your new home is correctly insured for mortgage purposes at the point of sale.
What sort of mortgage broker should I look for?
Firstly, only use a mortgage broker that is qualified and who has a great reputation in the market with plenty of ready reviews. Secondly, it tends to be best to use a 'whole of market', independent broker who can recommend deals across the entire market. In contrast, tied brokers can only recommend deals from the lenders that they work for.