Buying a new home is an exciting time, but it can also be a little intimidating; if you don’t have the right knowledge and support to help you through the process. Here at The Residential Mortgage Hub we are an experienced mortgage broker in Medway; and we’re here to help guide you through the whole process and beyond.
One of the ways that many people get assistance when buying a property is using the services of a mortgage broker. A mortgage broker will offer advice and recommendations on choosing the right product for your situation.
Did you know that in the UK, we rely heavily on mortgage brokers, with around 80% of mortgages secured after taking some form of advice.
Source: Financial Conduct Authority – www.fca.org.uk/publications/market-studies/mortgages-market-study
While it’s one thing to choose a mortgage broker just because that’s what other people have done; it can be helpful to know exactly what advantages using one will give you. With this in mind, here are our top seven benefits of using a local mortgage broker in Medway.
You’ll save time
Researching the mortgage market for the right deal for you can be very time consuming. We understand that when you’re planning to buy a house around your daily life, your free time can get squeezed.
A benefit of working with a mortgage broker is that you’ll be getting advice from someone who already knows the market; and will spend time scouring it for a suitable deal which means you don’t have to.
You could save money
In addition to time, you could also save money by using a mortgage broker. Not only are you getting an expert who can find a good deal; but you’re getting someone who will assess your needs and make a recommendation that is right for you financially. As a reputable and experienced mortgage broker will look beyond the best rate and take any applicable fees into account.
You’ll get access to more products
In many cases, mortgage brokers can give you access to a wider range of products; than if you were to research the market yourself and look at a lenders’ offerings. As a local mortgage broker in Medway, we are connected to a professional network within the sector. Additionally, we have access to over 12,000 products from 90+ lenders; we can suggest and offer products that aren’t available to the general public.
You’ll get expert financial advice
In the UK, all mortgage brokers need to be certified, so you can be sure any legitimate professional you speak to will be suitably qualified. We also have a duty of care to you, meaning that we’re on your side. Put these two together, and you have an expert in the market who will do their best to give you understandable and realistic advice.
You don’t have to worry about paperwork
Applying for a mortgage usually means that there will be lots of paperwork to complete; whether it’s forms to fill in or your own records to sort through. Along with advising you on paperwork, choosing our expert team at The Residential Mortgage Hub, will mean that you have access to our experienced admin team who will handle the application process and keep you informed of its progress with a lender. This can be invaluable at such a busy time of your life, leaving you free to focus on other details that could do with your attention. They are also used to spotting delays and chasing them.
You can get help with essential insurance
When you take out a mortgage, it’s highly recommended that you apply for insurance to protect you in the future. The likes of life, home and critical illness insurance can help to ensure that you and your loved ones are taken care of if the worst should happen.
This is an area that we can help you with as well. In addition to giving, you mortgage advice, we can advise on what insurance products will be best for you and your family, as well as helping with the subsequent applications. It’s another service that we provide to make your life much easier.
Here at The Residential Mortgage Hub, we want you to find a product that’s the perfect fit, and that’s why we offer our experienced and unbiased advice through our mortgage brokerage in Medway.
Let’s discuss your mortgage options…
Book your appointment online with a member of our team today to discuss your affordability and mortgage needs or simply call us on 01634 968111.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount will depend upon your circumstances.
The fee is up to 1% but a typical fee is £598.
For insurance business we offer products from a choice of insurers. As with all insurance policies, conditions and exclusions will apply.
