When purchasing a property and applying for a mortgage, a mortgage broker can be there to support you by helping to save you time and money on your purchase. The main aim of a mortgage broker is to use their knowledge and expertise to find a fantastic deal that you may not get by going it alone.
A mortgage broker will aim to advise you on which mortgage deal may be the best for you, at the same time as helping to develop your knowledge and understanding of how mortgages work, to ensure that all parties concerned are happy with the mortgage that is agreed. They will provide expert advice on different types of mortgages available, taking into consideration the rates and lengths of the deal, finding a perfect balance to suit you.
There are three main categories that mortgage brokers can fall into, including those who are tied to a single lender, those who can recommend mortgages from a selection of lenders and also independent brokers that have no ties to any lenders.
After deciding upon the right mortgage broker for you, they will begin to collate information associated to your mortgage application, in order to tailor it to achieve the best rate possible for you. The broker then submits the application, liaising with both you and the lender to see the process through.
Despite being labelled otherwise, fee-free mortgage brokers do receive a fee for the process; however the fee is from the lender rather than the actual borrower. Using a fee-free mortgage broker can be a way of ensuring that you save money where you can, without the need for extra costs in a process that is already expensive enough.
If you've had an offer accepted, or if you're remortgaging, you can speak to one of our advisors now on 0800 xxx xxxx, or request a call back:
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