Choosing a Mortgage Broker

02.01.2022

 

Mortgage Brokers are specialists who are trained to give you specialist advice on Mortgages and, usually, related products such as Home Insurance.

Mortgage Brokers can generally source deals from the whole of the market, with the freedom to look across a number of lenders.

Mortgage advisors generally will work for an institution or a company such as a bank or building society. They will be able to advise you on the products that are offered by that institution or company.

Experience

Mortgages can be complicated and having your case handled by someone who has ‘been there, done that’ is usually more reassuring than working with someone who has never dealt with a similar case before.

Choosing a Mortgage Broker with experience in dealing with straightforward and complex cases will give you added peace of mind.

Communication

Good communication throughout the process is vital. You need to know that your mortgage is being handled correctly, fully understand what you need to do and understand what your broker is doing for you.

You will have enough to deal with when organising a move, so having a broker who can tell you easily what is going on will make the whole process easier.

Market Scope

This is a matter that is completely personal to you.

Many people elect to take out a mortgage through their bank as they know that their details are there and there is an existing relationship. What that does, though, is limit your choice to what deals it is possible for you to obtain.

By using a mortgage broker, you could go from having the choice of one supplier with a few deals or several suppliers with several deals. It is up to you to balance what matters most to you when obtaining the right deal.

How can we help you?

Mortgage Advice Partnership is a team of Expert Mortgage Brokers.

We have been operating since 2006 and have since helped lots of people get on the property ladder.

Our team can assist you whether you’re a first time buyer, multiple property owner or looking for advice on what the best step for you would be. We can also arrange suitable insurance solutions for you.

We have dealt with a number of complex cases and have the experience to deal with most cases. As part of a larger network, we can give you access to a huge number of deals and lenders, whilst still providing you with a fantastic, personal service.