Five reasons to use an independent mortgage broker

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Adam Nanson, Your Mortgage ExpertWhen purchasing a property or remortgaging*, one of the first things you need to decide is whether to use an independent mortgage broker.

The process of applying for a mortgage can be quite complicated, especially since the Mortgage Market Review. A mortgage broker is an expert in their field and can help you navigate some of the pitfalls.

Here are five reasons to use an independent mortgage broker in order to arrange your house purchase or remortgage*:

  1. A mortgage broker will save you time – they will look at all the deals available to you meaning you won’t have to trawl the internet or ring a variety of lenders
  2. A mortgage broker should save you money – a whole of market broker like Your Mortgage Expert can look at all the deals and recommend the most appropriate for you. Some of the deals may not be available on the market.
  3. A mortgage broker understands lender criteria – a good mortgage broker deals with different lenders on a day to day basis. They understand which lenders are more likely to accept applicants like you and what information they need to see in order to improve your chances of your application being accepted.
  4. A mortgage broker puts you in control – a mortgage broker is a trained professional who understands the mortgage market and how it works. They can explain every step of the process to you and help you feel in control of what is happening.
  5. A mortgage broker is by your side until completion – a good mortgage broker will liaise between you and the lender, the lender and the estate agent and the solicitor and the estate agent. They can help push the process along and to make everything much smoother.

We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section.

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