When it comes to securing a mortgage, you might be wondering whether to go directly to a lender or work with a mortgage broker. While both options can lead to securing a mortgage, using a broker offers several distinct advantages that can save you time, money, and stress. Here’s why you should consider a mortgage broker:

1. Access to a Wider Range of Deals

One of the most significant benefits of using a mortgage broker is their access to a wide range of mortgage products. This means they can compare mortgage products from multiple lenders, including those that aren’t available to the general public. Lenders often reserve their best deals for brokers. Giving you access to exclusive rates and products that you might not find by going direct.

2. A Mortgage Broker Can Offer a Personalised Advice

Mortgage brokers offer tailored advice based on your individual financial situation. They take the time to understand your needs, whether you’re a first-time buyer, remortgaging, or looking for a buy-to-let mortgage. This personalised approach ensures you get a mortgage deal that suits your specific circumstances, rather than a one-size-fits-all solution from a lender.

3. Saving You Time and Effort

Applying for a mortgage can be a time-consuming process. Especially if you’re not familiar with the terminology or the paperwork involved. A broker can take this burden off your shoulders by handling the entire application process. From filling out forms to communicating with the lender on your behalf. This can save you hours of work and reduce the stress of securing a mortgage.

4. Impartial Advice

A mortgage broker is not tied to any specific lender, meaning they can offer unbiased advice that’s in your best interest. They work for you, not the bank, and their goal is to find the most suitable mortgage for your circumstances. Our approach ensures that you’re getting the most appropriate deal, rather than being pushed toward a specific product.

5. A Mortgage Broker Can Help with Complex Situations

If you have a unique financial situation, such as being self-employed or having a poor credit history, a mortgage broker can help you find specialist lenders that cater to your needs. They have experience dealing with complex cases and can match you with a lender that’s willing to work with you.

Thinking about applying for a mortgage? Contact Helen Ferneyhough Associates today to see how we can help you find the best deal for your circumstances.

Your home may be repossessed if you do not keep up repayments on your mortgage.  

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 £695 and this will be discussed and agreed with you at the earliest opportunity. Bank Of England