When searching for a mortgage, many people head straight to their bank or use online comparison tools. But what if there was a way to secure a better mortgage deal for you, one that isn’t always advertised online? This is where a mortgage broker comes in.
At Helen Ferneyhough Associates, we help find the most suitable mortgage products for our clients—often securing exclusive rates that may not be available to the general public. But can a mortgage broker really get you a better deal? Let’s take a closer look.
How Do Mortgage Brokers Work?
A mortgage broker acts as an intermediary between borrowers and lenders, helping you compare and secure the most competitive mortgage product based on your financial situation. Instead of applying to individual lenders one by one, a broker assesses your needs and searches the whole market, including:
- High street banks
- Specialist lenders
- Exclusive broker-only mortgage deals
This means you won’t just be limited to the offers from your current bank or what’s available online—a broker can access mortgage products that are tailored to your unique situation.
Why a Mortgage Broker Can Get You The Right Deal
1. Access to Exclusive Mortgage Rates
Many lenders offer special rates that aren’t advertised to the general public. These are often reserved for mortgage brokers who have established relationships with lenders.
At Helen Ferneyhough Associates, we work with a wide panel of lenders, giving our clients access to mortgage deals that aren’t always available on comparison sites.
2. Market Comparison
When you search for a mortgage yourself, you might only compare a handful of lenders. A mortgage broker, however, looks across a wider market to find the most competitive options.
This means you can compare deals based on:
- Interest rates
- Fees and charges
- Loan terms
- Repayment flexibility
This help ensure you’re not just getting a lower rate, but a mortgage that suits your long-term financial goals.
3. Tailored Advice for Your Situation
Not everyone fits into a bank’s “standard criteria.” If you’re a first-time buyer, self-employed, have a complex income structure, or bad credit, you may struggle to get approved for a mortgage through mainstream lenders.
A mortgage broker:
- Helps identify lenders who are more likely to accept your application
- Advises on how to improve your chances of approval
- Finds a mortgage that matches your personal circumstances
4. Time and Stress Saving Assistance
Applying for a mortgage can be time-consuming. A mortgage broker handles the entire application process—from researching deals to submitting paperwork—often saving hours of work by assisting you.
At Helen Ferneyhough Associates, we:
- Compare mortgage options for you
- Handle all paperwork and lender communication
- Guide you through each stage, from application to completion
5. Future Mortgage Reviews
Many people take out a mortgage and forget about it. But when your fixed-term deal ends, you may automatically switch to your lender’s Standard Variable Rate (SVR), which is often higher than other available deals.
A mortgage broker will always try to help you find the right mortgage available, before your deal ends. Helping you secure a the right mortgage, at the right time.
Do Mortgage Brokers Charge a Fee?
Yes, some mortgage brokers charge a fee for their services, while others earn a commission from lenders. Helen Ferneyhough Associates ensures complete transparency, and any fees will be discussed upfront so there are no surprises.
However, the savings you make on a lower interest rate or better mortgage deal can often outweigh any broker fee.
Should You Use a Mortgage Broker?
Using a mortgage broker will ensure you secure the right mortgage deal for your circumstances, particularly if:
1. You want access to exclusive mortgage rates not available online
2. You need tailored advice based on your financial situation
3. You want assistance from an expert handling the process
4. You’re remortgaging and want to secure a new rate before your current deal expires
By working with Helen Ferneyhough Associates, you can be confident that you’re getting the right mortgage deal for you, not just the first one you find online.
Speak to an Expert Today
If you’re looking for a better mortgage deal, speaking to a broker could be the smartest move you make. At Helen Ferneyhough Associates, we provide expert, personalised mortgage advice—helping you secure the most competitive mortgage for your needs.
Ready to explore your options?
Get in touch with us today and let us help you find the right mortgage.
Important Notices
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £195 to £1500, and this will be discussed and agreed with you at the earliest opportunity.
Your home may be repossessed if you do not keep up repayments on your mortgage.
