If you’re a mortgage broker, you’ve probably heard the question; “Why would I use a mortgage broker and not go straight to the bank?”
Mortgages are the biggest financial commitment that most people will ever take on, and they can be extremely complicated. This is where mortgage brokers come in, they’re on hand to get you the most suitable and competitive mortgage for your circumstances and make the process as smooth and efficient as possible.
Here are 8 great reasons why you should use a mortgage broker:
- Access to exclusive products on the market: Brokers can get access to mortgages that may not be available to you on the high street or online. Some lenders only offer their products through brokers and don’t deal with the general public directly.
- Market knowledge: Brokers will be able to find competitive mortgages for you, and also have the knowledge to know which you’ll be able to access and which lenders will reject your application. Everyone has different circumstances, so not one case will be the same. It certainly isn’t a case of getting the same product a friend of yours has.
- Fully CeMAP qualified and regulated service: Brokers need to obtain professional qualifications to give mortgage advice and work under statutory advice by the FCA, this provides you with certain reassurances. They have passed the necessary exams to be able to give advice, they will treat you fairly and make sure that they recommend the mortgage that is most suitable to you.
- Loyal to you: Your broker will always have your best interests in mind. If your circumstances change your broker will be on hand to help you review your options.
- Hassle-free process: Getting a mortgage and buying a home can be complicated, with many forms to complete and different parties to chase. A broker will do all the legwork for you, taking the stress away, making sure everything goes smoothly and stay on top of everything throughout the process.
- Open all hours: Brokers will often make themselves available to you at your convenience. We understand that life gets in the way, whether it’s your job or personal circumstances, we can work around your schedule to make sure you get the best service possible.
- Fee-free: Our brokers at Mortgagez won’t charge you a fee if you go via our portal, we’re paid by the lender on completion known as a ‘procuration fee’ on completion of your mortgage.
- Insurance: All of our brokers are on hand to assist you with insurance requirements. Whether it’s life insurance or home insurance, your broker at Mortgagez will arrange all the relevant insurances relating to your mortgage and specific personal requirements.
Here at Mortgagez, our team of fully qualified mortgage advisers is on hand to help you every step of the way in obtaining a new mortgage, and our service won’t cost you a penny when you go via our online portal. Visit our website today and obtain a quick quote with our online mortgage rate tool to see how much you could save on your next mortgage.
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PLEASE NOTE: Article written 20th January 2022. Information contained within this article is likely to change and therefore should not be relied upon or form part of any form of decision making without seeking professional advice. *
YOUR HOME MAY BE REPOSSESSED IF YOU DON’T KEEP UP REPAYMENTS ON YOUR MORTGAGE
Any guidance and/or advice contained within this document is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK. Any technical or regulatory information contained within this document was correct at the time of producing it but as it may be subject to change it should not be exclusively relied upon when making a financial decision. The Financial Conduct Authority does not regulate advice on Buy to Let mortgages.
Article written: January 2022 200122 MZ000245
