How to Find the Best Deal When Looking For a Mortgage?
When you’re looking for your first mortgage, upsizing or remortgaging, it’s important to get some impartial advice. However, with so many products and deals available who is best placed to give you the right advice?
In the current market a reputable lender will be able to provide a range of offers, however they will not be checked against the rest of the market.
Going to an impartial independent mortgage broker is not only the best route to finding the best available deals on the market but also the best deals on the market for your specific circumstances.
SAVE TIME
A ‘whole of market’ ‘mortgage broker will save you time searching for the best deals and scrutinising the terms and conditions for any hidden surprises. A ‘whole of market’ mortgage advisor will have an in-depth knowledge of the market and will be able to steer you away from the pitfalls that many fall into when obtaining a mortgage.
MORE OFFERS
Whilst ‘whole of market’ mortgage brokers are impartial and independent, they will have special relationships with lenders because of their professional status. That means they’ll be able to draw from a wider selection of deals than you would typically find yourself when looking through the mortgage market. It could be that you get a deal with lower admin charges or a longer fixed rate than you’d find in a lender’s headline deals, both of which could save you a considerable sum.
LOWER OR NO FEES
Another benefit of using a whole of market mortgage broker is that their relationship with certain mortgage lenders can result in reduced or even waived fees. This factor shouldn’t be glossed over either, as knowing the right mortgage professional can literally save you thousands of pounds. Combined that with the fact that mortgage advisors sometimes charge no broker fee, the financial advantages of choosing this route are obvious.
Of course, there will be variations from broker to broker and it’s not guaranteed that the one you choose has your best interests at heart, which is why it’s always recommended that you do your homework. Perhaps seek out some reviews of the person you’re considering and you’ll soon see what their past clients think of what they offer.
WANT TO FIND OUT MORE?
Brooklyns Financial offers honest, impartial advice and customer satisfaction is always more important than simply making money. It makes no sense to recommend a mortgage product that wasn’t suitable simply to make a profit. If it makes sense for you to stay with your existing lender than that’s what we’d recommend. We also understand time is precious, so we are more than happy to arrange appointments outside of our working hours when you have more time to focus on the matter in hand.
If you’re looking to buy your first home, upsize or remortgage your home, we’d love to hear from you.
Simply call Brooklyns Financial - 01628 564631 or simply get in touch via our contact page.
