The 7 benefits of getting a mortgage via a mortgage broker

Using a mortgage broker such as Loan.co.uk not only makes sound financial sense, but will provide you with all sorts of vital help.

Automatically search over 1,800 mortgages.

So, you’re looking for mortgage deals to help you buy a property, but with so many mortgage companies and mortgage lenders out there, it can be hard to know where to start. Or, perhaps you feel it’s fine to do without a mortgage broker because you’re focussed on trying to save money. After all, there are so many costs involved with buying and moving home or remortgaging. But trying to do without a mortgage broker would be a mistake as mortgage broker benefits are clear.

Using a mortgage broker such as Loan.co.uk not only makes sound financial sense, but will provide you with all sorts of vital help. They will:

1. Save you money

A mortgage broker will scour the available mortgages for you and check out the best deals. This isn’t just a case of looking for the lowest mortgage rates today, or the cheapest tracker mortgage or lowest fixed rate mortgage. A skilled mortgage broker is able to look beyond the mortgage interest rates to take into account all the other fees that will apply. Because what may look like cheap mortgages to you may not actually be that competitive when every fee and condition is taken into account.

2. Save you time

By taking your circumstances into consideration, a mortgage broker benefits include showing you the mortgage deals that you have an excellent chance of being approved for by mortgage lenders.

3. Give you access to a wider range of mortgages

If you go directly to mortgage lenders, you’ll only see what they have to offer which will probably be a fairly limited range of mortgage products. A mortgage broker will have a much better idea of what’s available to you from a wide variety of mortgage lenders.

4. Give you expert financial advice

Mortgage brokers have to be qualified to help you find a mortgage and give you financial advice. They are also have a duty of care to give you the best advice they can, rather than just push the option that will give them the most commission.

5. Take care of the application paperwork

The world of mortgage financing is full of jargon and tedious paperwork, but the experts at Loan.co.uk will take care of all that hard work for you. They’ll prefill your mortgage application for you so your new mortgage can go as smoothly as possible. In fact, you’ll probably only be asked to send in a few documents and provide a few signatures. A good broker will do practically everything for you so you can concentrate on the move itself.

6. Know which lenders will process your application the quickest

Although a mortgage application should never be rushed, sometimes speed is of the essence. Because mortgage brokers deal with mortgage providers all the time, they know which provider to go to if a result is needed in a hurry and how to make sure the application is processed smoothly and with minimal chance of a delay.

7. Have the experience needed to chase up your application

There’s a fine art to getting a mortgage application processed. You need to know how to spot delays and where, when and who to call with timely information or encouragement to speed things up without inadvertently causing issues and further delays.

If you’re looking to buy a property, make sure you benefit from all the experience and expertise of a mortgage broker.

Related articles

what are the consequences of missed second mortgage payments

What are the consequences of missing payments for my second mortgage?

If you miss payments on your second mortgage, your lender can take action to repossess your home. We take a look at the issue of what to do if you realise that you can’t make your regular monthly second mortgage payments.

debt consolidation with bad credit

Debt consolidation with bad credit

Discover what debt consolidation is and whether it is the right option for you if you have a bad credit score. We’re here to help you make the correct choice…

which credit option is best

Which credit option is best for you?

With the large amount of credit options that are now available such as credit cards, payday loans and mortgages, it can be confusing…

Hope For ‘Mortgage Prisoners’

There’s hope For ‘Mortgage Prisoners’

With all the joy/bewilderment generated by seeing Theresa May dancing on the stage at the recent Conservative Party Conference, it was easy to miss a piece of potentially excellent news..

Do I qualify for a second mortgage?

How can I qualify for a second mortgage?

Do you qualify for a second mortgage? Loan.co.uk can help you understand the process and provide all the information requirements to apply…

make an offer on a new home

How do I get the home I want at the right price?

Looking to make an offer on a property? Discover some of the best tactics to help you get a great deal on your dream home.

Buy to let tax rules

Buy-to-let tax rule: is using a limited company better for tax?

If you are a buy-to-let owner, you could start to feel the pinch of the 2020 tax changes. What are your options to help prevent you from slipping into the red?

Guide to early repayment charges

Early Repayment Charges – what are they and should I worry?

What is an Early Repayment Charge (ERC)? And do I need to worry about them? A lot of the time these charges can be overlooked, so find out more about them and what you should be aware of.

consolidate debts

What should I consider when looking for secured loan?

A secured loan is provided by a lender, with the borrower using their home as collateral. Here are eight things you should think about before looking for a secured loan.

shop safely online

Beat the scammers and stay secure online

How to keep your money and personal information safe online in the world when online shopping has transformed the way we live? Here are few tips you can follow.

Categories

Mortgages

Remortgages

Credit
Help

In the
News

Automatically search over 1,800 mortgages.

Share This