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83% of borrowers consult a mortgage broker when they remortgage

According to latest figures from LMS, 83% of people looking to remortgage now consult a mortgage broker. This is up from 70% in 2017*.

What this means for home owners

Adam Nanson, Managing Director at Your Mortgage Expert in Salisbury comments:

“It is not a surprise that the number of people looking to use a mortgage broker is increasing. With concerns around Brexit and the economy in general, our experience is that people want to ensure they are switching to a new deal that will genuinely save them money. And, they believe that an independent mortgage broker will be best placed to arrange that for them.

“Gone are the days when people merely accept a new deal from their existing lender, rather, they will look to shop around. And, a mortgage broker will review all the options before coming back with the most appropriate deal from a range of lenders, some of are not available to borrowers directly.”

How Your Mortgage Expert can help

Adam Nanson continues:

“If you are thinking about switching your mortgage deal, we would really encourage you to speak to your mortgage broker. At Your Mortgage Expert, we will take time to review your situation to establish whether you could be paying too much, whether you would save money by switching to an alternative product and whether any fees would be payable should you do so.”

If you are interested in having a no obligation chat about your mortgage, why not get in touch? We don’t charge anything up front, so by speaking to us, you are under no obligation. We are based in Salisbury, Wiltshire, but we can help you no matter where you live in the UK.

Simply call us on 01722 322683 or complete a contact us form on our website and tell us when it would be best to get back in touch with you.

The information contained within this article was correct at the time of publication. It is intended for information only and does not constitute advice. TenetLime cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

YOU MAY NEED TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.

Please note, by clicking on the link below you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.

*Source: https://www.mortgageintroducer.com/remortgaging-volumes-hit-record-high/