First time buyer? Re-mortgaging? Investing in property? Whatever your interest in the property market, a mortgage broker can help. At Mortgage Advisers UK (MA UK), we offer FCA-regulated guidance across the country, helping clients find the right mortgage for their needs. The big question is…
What does a mortgage broker do?
A mortgage broker (or mortgage adviser) is the link between a borrower and a lender, using their deep market knowledge to match clients with the most suitable mortgages. They don’t lend any money themselves but they do navigate the complex world of mortgages to identify appropriate deals.
How mortgage brokers help you find the right mortgage
When you entrust the task of finding a mortgage to Mortgage Advisers UK, you get ‘whole-of-market’ advice. We aren’t tied to any particular lender and are free to explore the entire mortgage landscape. At the same time, we will keep your requirements front of mind. According to the Financial Conduct Authority, borrowers who switch product could save around £1,000 per year in the first two years, which goes to show the difference a mortgage broker’s advice can make.
Going direct to a lender vs getting independent advice
Going direct to a lender may seem like a straightforward option, but it has its disadvantages:
- You’re only looking at the criteria of the selected lender
- You only have access to the products and rates of that lender
- You will not be informed as to what other lenders are offering
For an independent expert opinion, a mortgage broker is the way to go. Our brokers:
- can explore a wider range of lenders.
- access specialist products that aren’t available to the public.
- do the maths, comparing deals against each other.
- assist with complicated mortgage applications.
- provide ongoing support – it’s good to have a trusted partner for future transactions.
How brokers compare deals across the market
You’ve chosen to go with our mortgage adviser. What happens next? Before looking at mortgages, we will take your financial information into account:
- the cost of the property you want to buy
- whether you’ve made an offer (and if it has been accepted)
- how much you earn, how much you spend and how much deposit you’ve saved.
This narrows down the field considerably and leaves a smaller range of mortgages. We can then use comparison tools to compare multiple offers and reduce this selection down further.
The benefits of using a professional mortgage broker (UK)
There are some key advantages to working with Mortgage Advisers UK:
- Access to a range of options that aren’t always available to the public.
- Saving you time by comparing mortgages for you.
- Providing tailored advice for your particular situation.
- Help with complex circumstances such as bad credit or self-employed status.
- Assistance with paperwork. A broker can make sure a mortgage application is filled out correctly so the process can move quickly.
- Ongoing support. Because we know your situation, we can help you with future purchases or remortgaging.
Why choose Mortgage Advisers UK for expert help?
As a nationwide organisation, we’re positioned to help people across the country find the right mortgage. Our professionals will draw on their broad knowledge of mortgages and mortgage industry to find products and lenders who will fit with your financial situation.
Next steps: speak to a qualified mortgage adviser
If you’re thinking about buying property, now’s the time to get in touch. Talk to one of our qualified mortgage advisers to find your ideal mortgage. We’re looking forward to speaking with you.
