Benefits of a Mortgage Broker

Tuesday 22nd of January 2019.

Purchasing a property is likely to be one of the biggest financial decisions someone will ever make. No matter how many properties you’ve bought in the past, the world of mortgages can feel like a minefield…

Where can I find a lender? What type of rate is best for me? What rate can I get? What can I afford? How do I apply? How can I know I fit the lender criteria? How long does it take? What if there’s a problem with my application?

And the list goes on! As Mortgage Advisers, it is our job to know the answers to these questions and to guide you through the process. I suppose a lot of people may ask ‘but why  should I use a Mortgage Adviser?’ and it is a fair question! I have been reflecting on the service we as Mortgage Advisers offer and hopefully the below serves as a list of reasons why you should consider using one.

  • Comparison
    Mortgage Advisers have access to deals from a range of lenders, which means you may be able to get a more competitive deal and this could end up saving you thousands of pounds. At BSG we have access to over 50 of the UKs best known and also specialist lenders, which enables us to provide a comprehensive offering to our clients.
  • Unique circumstances
    It is a Mortgage Advisers job to understand lenders criteria and be able to find you a mortgage deal that you are most likely to be accepted for. This can be very beneficial for clients whose situations are a little ‘out of the ordinary’, for example those who are on fixed term employment contracts or perhaps those who are borrowing into retirement. The chances are, we’ve seen your situation before and are in a great position to help you get the mortgage you need.
  • Exclusive deals
    Being an intermediary means that we are able to access ‘intermediary exclusive’ deals from lenders. A number of lenders offer exclusive products from time to time as they recognise the specialist knowledge that intermediaries have regarding mortgages. This gives our clients access to deals that they wouldn’t be able to get if they were arranging their mortgage themselves.
  • Convenience
    We are here to make the mortgage application process as efficient as possible for our clients and take away all of the legwork both in terms of the research and application. After an initial meeting where you would provide details about your circumstances and a number of documents, this should sufficiently equip a Mortgage Adviser with the tools to research lenders and ultimately submit an application further down the line.
  • Advice
    Whilst the above factors I’ve spoken about support our cause and are great reasons to use a Mortgage Adviser, it is advice which is truly at the heart of everything we do and what I believe is most valuable to our clients. A Mortgage Adviser will make a recommendation to you after looking at your needs by considering an array of factors such as; your affordability, your attitude towards stability and certainty and your long term plans. This allows clients to feel confident that they have the right mortgage which completely aligns to their circumstances.

Here at BSG, we pride ourselves on providing high quality advice to our clients and hope to make the process of securing a mortgage as simple as possible. We ensure that our clients can make informed financial decisions and provide the advice to enable them to achieve their financial objectives.

If you are planning to buy your first home, or a new home and think that you would like to benefit from any of the points above then please get in touch and we will be happy to help. Why not try our new Live Chat facility? Message us anytime between 9am and 5.30pm for an instant reply.

We look forward to hearing from you!

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

References
https://www.money.co.uk/mortgages/mortgage-broker-or-direct-deal.htm
https://www.moneywise.co.uk/mortgages/home-mortgage/how-and-when-to-use-mortgage-broker
https://www.moneyadviceservice.org.uk/en/articles/choosing-a-mortgage-shop-around-or-get-advice

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