*This post was written in collaboration with Dan the Mortgage man.
Getting a mortgage, or remortgaging is probably one of the most stressful times of adult life. Shopping around inevitably gets the best deal, but how do you even know where to start? You might even be inclined to take a mortgage from your current bank that isn’t best deal, just for the convenience. Although banks and brokers are obligated to offer you advice and only give you mortgages you can afford, there is always going to be a slight hidden agenda. This is why a lot of people are turning to mortgage advisors. Having a qualified professional can make all the difference when it comes to brokering a good deal. Here are a few benefits of using a mortgage advisor.
They are impartial
Using an independent mortgage advisor means that you can have complete confidence there is no ulterior motive for you to choose a certain deal that may not be the best for you. Going to a specific bank or lender may leave you feeling like they have sold you the package that makes them the most money, instead of what is right for you. Banks are also limited to a handful of their own products. Going to a mortgage broker gives you access to thousands of different deals.
Brokers will be a lot more “in the know”
While there are many deals available on the mortgage and remortgage market, there still may be better ones that only your mortgage broker has access to. There may even be lenders that do not let you contact them directly. If you use a mortgage broker the chances are they will be able to access better deals and preferential rates.
It saves you time
There really are a lot of things that we try to make time for in adult life and it never happens. Cleaning out the tin cupboard. Going to the gym. Figuring out why your smoke alarm goes off randomly. But getting a mortgage really does eclipse all of these types of tasks. It can be overwhelming even thinking about the sheer amount of work you need to do to find out the details of mortgages and comparing them. By using a mortgage broker you can save yourself from this entire headache. Just give them a few basic details, and they will do all of the legwork for you. The best brokers will handle the stressful side of speaking to Estate Agents, solicitors and the mortgage lender which means that – if you ever have any queries – you can speak to your broker most of the time as they will act as a single point of contact for you.
They are trained and qualified
The majority of people are not highly skilled in finding mortgages. But using a mortgage broker means you get someone who is an expert in this field. Anything to do with finance is much better left in the hands of professionals. A mortgage broker will know the mortgage process in and out and will be a huge support to you.
If you are looking for a mortgage broker, contact Dan the Mortgage Man today!