When purchasing a property, a key factor of the process for many is securing the best mortgage deal for you. You may choose to assess your options yourself, speak with your existing bank, or consult a mortgage broker. Here, we’ll discuss what a broker’s role is, as well as the benefits of using one to secure your mortgage.
What is a broker?
A mortgage broker acts as a middle person between mortgage lenders and borrowers. They use their expertise to find the best mortgage for your needs, shopping around with different lenders. They will also undertake much of the paperwork required, on your behalf, once a mortgage is agreed.
What are the benefits of using a broker?
Finding the right mortgage deal can be a time consuming, and complicated process. Which mortgage deal to take is a decision that will impact your financial circumstances for years to come. So, you want to ensure you make the right decision.
There are many different options available with each lender, and different affordability requirements too. Mortgage brokers will make this process much simpler, only presenting you with the deals that are suitable for your needs. Your credit rating can be impacted by applying for loans including mortgages, and being turned down. Mortgage brokers use their knowledge and expertise to understand your finances and avoid this happening. Many brokers have access to a wider selection of mortgage deals than individuals have. This means they may be able to able to offer more favourable options than would be available on an individual basis.
A further great benefit of using a broker is that they have a specialist knowledge of the industry. As well as assessing your requirements, they will be able to explain the different options to you, and guide you in your decision. They can suggest the best option for you and your circumstances, even if that means it is not the best rate of mortgage. By explaining to you the reasons for this, you can be sure you’re making the right decision.
Why choose Bell Mortgage Solutions to secure your mortgage?
Bell Mortgage Solutions offer a flexible, bespoke mortgage advice service. We are committed to finding the right mortgage deal for you. We work for our clients, not for any bank. This means our interest is in matching the deal to your needs and specific circumstances. Our team will meet with you to determine your needs, and will work to these requirements.
Those without a perfect credit file may struggle to find a suitable mortgage deal independently. Bell Mortgage Solutions work from a comprehensive panel which is representative of the whole of the market, and work with specialist lenders for clients with these circumstances. So we’ll be able to find options for you, even if you have been rejected for mortgages in the past.
Our commitment to our clients extends to our opening hours. We know that 9am-5pm opening hours don’t suit many who work full time. That’s why we’re open outside these hours. We can secure mortgages for home movers, first-time buyers, first buy-to-let property landlords and portfolio landlords too. Whatever your mortgage requirements, we can help.
Contact us now to book in a consultation with one of our knowledgeable team.
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
The information contained within was correct at the time of publication but is subject to change.
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