Why use a Mortgage Broker

What is a Mortgage Broker?

The process of applying for a mortgage has become more complex over the years, each lender offers different deals, and they all have their unique lending criteria.

A mortgage broker is a qualified induvial that specialises in finding mortgage lenders that matches your personal criteria. To do this the broker will carry out a detailed fact find so that they can find the best deal and lenders for you. A mortgage broker also manages the mortgage application from start to finish.

Why use a mortgage broker?

A broker typically isn’t tied to any particular lender and can offer Whole of Market mortgage advice. While lenders themselves can only offer mortgage products from their own range and not other lenders.

Whilst you have the option of comparing mortgage rates and applying for it directly with a lender, a mortgage broker can make the process easier and quicker.

There is no reliable tools to compare lenders mortgage criteria so you may be applying to a lender that doesn’t accept your criteria, whether that be a new job, missed payments, age etc

Making it easier

Finding the right mortgage and completing a mortgage application can be stressful. Mortgage Brokers deal with the paperwork and the lenders, so you don’t have too.

Confidence

Our mortgage brokers are there to answer any questions you may have regarding the process of purchasing or remortgaging. We will also liaise with estate agents and solicitors and aim for a smooth transaction to the point of completion.

When you receive mortgage advice, your broker has a duty of care to you and they must recommend a suitable mortgage and be able to justify why the mortgage they have chosen is right for you.

At mortgage Advice Hut we offer Whole of Market, unrestricted mortgage, jargon free mortgage advice.  Our team of mortgage broker are based in Preston and offer Face to Face, telephone or video appointments.

Call today to speak with a qualified mortgage brokers.

Face to face, telephone and video appointments available.

 

A MOTGAGE IS A LOAN SECURED AGAINST YOUR HOME OR PROPERTY.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

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