When it comes to getting a mortgage, many go straight to the bank or building society where they currently hold accounts. While this approach has its good reasons, it can mean that you’re limiting your choices.
To ensure you secure the most suitable mortgage for your circumstances, it’s advisable to thoroughly explore all available options. This is where the difference between mortgage bankers and mortgage brokers becomes clearer. Mortgage brokers can present you with a wider range of deals accessible in the market.
To kick-start your mortgage journey, consider talking with a mortgage adviser, also known as a ‘mortgage broker.’ With access to thousands of mortgage deals from lots of different lenders, we can provide invaluable mortgage advice tailored to your specific needs.
What is a mortgage adviser?
In summary, a mortgage adviser gives guidance on different types of mortgage products. We help you from the very start with organising your finances, through to the day you receive your keys — and even after that. A mortgage adviser will:
- Explain the first steps involved.
- Provide guidance on what research you need to do.
- Help you with budgeting for saving a deposit.
- Find a suitable mortgage and process the application for you.
What’s more, you can benefit from all this expert advice before you even start your property search. Not only do we offer valuable insights to assess your financial situation, but we also use specific budget planner tools to work out how much you could afford to borrow. This will help massively when it comes to the exciting stage of searching for a home!
Helping you find your mortgage
After you’ve saved your deposit and found a property you like, you can go back to your mortgage adviser, who will search thousands of deals offered by many different lenders.
We’ll also have insights into which mortgage companies are likely to lend to you, taking into account the specific type of property you want to buy. This is because not all mortgage companies lend to every buyer, or on all types of properties.
Having an expert help you find the right deals means you’re less likely to be declined for a mortgage. And if that’s not enough, our work continues even after you’ve submitted your mortgage application…
Dealing with your mortgage application
Once we’ve found a mortgage for you, we’ll take care of the whole application process – saving you the hassle and time of dealing with the paperwork. We’ll also deal with surveyors, your legal company, and handle any paperwork. Above all, we’ll ensure you’re kept informed throughout every stage of the process and are readily available to answer any questions you may have, no matter how silly you think they are!
Help you with mortgage protection insurance
When purchasing a home, you’ll need to arrange buildings and contents insurance. You should also consider life insurance and critical illness cover to guarantee that you can keep your home regardless of any unforeseen circumstances. Sorting and managing these by yourself, especially while handling mortgage paperwork, can feel overwhelming.
Thankfully, many mortgage advisers are qualified to help advise on mortgage protection insurances as well. Once more, we can shop around options on your behalf, finding the most suitable policy for you and your family while handling any paperwork. This allows you to focus on preparing for your new home without the added stress.
Flexible working hours
A good mortgage adviser will work around your diary and can offer flexible appointment times around your working hours.
They can also handle all aspects of the process over the phone and over email, meaning they aren’t restricted to branch and office opening hours. So, even if you have a busy work schedule throughout the day, you can always keep the ball rolling and get one step closer to owning your home.
Find out more about how we could help
Buying a home can be a stressful, but having a mortgage adviser secure the right mortgage for you and deal with any worries or issues you have during the buying process can be incredibly helpful.
Book your appointment online with a member of our team today to discuss your 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.
