A Mortgage Broker is a qualified expert, who can analyse and research the market to find a mortgage deal which is most suited to your individual need. The Mortgage Broker acts on behalf and liaises with all parties taking the stress out of arranging your finances, during the house buying or remortgage process. They often have access to lenders and products which you may not find in your local directory or on the high street.
There are thousands of products available on the market, making it a long and time consuming task, which can make it difficult to decide which one is right for you. The mortgage Broker will do all of the legwork on researching a suitable product for you, and then support you from application through to completion.
There are a number of benefits to using a broker, particularly through the application process.
Firstly, they can shop around for you. Everyone knows shopping around could lead to a better deal but it's time consuming, especially if it involves contacting a number of banks and lenders. A broker can search the range of loans available from multiple lenders very quickly to find you the right home loan for your needs.
They also provide you with one central point for mortgage information and will talk you through the process.
All banks have different guidelines, and unless you're familiar with them you can find yourself not getting a loan - just because you haven't crossed a 't' or dotted an 'i'.
Forging a relationship with a mortgage broker can make all of those decisions much easier.
Your financial circumstances can evolve over time, so can the products and services available for you to choose from. You may want to fix part of your loan, refinance or perhaps buy an investment property.
Mortgage Brokers are there to help you purchase your first home, but also can be valuable to you again in the future, whether to help you with information to finance your next home, buy an investment property or refinance your existing home loan .
Mortgage Compare Limited is bound by the Data Protection Act of 1998, and information provided by you will be held, processed and used by ourselves, professional advisor and any associated companies in servicing our relationship with you, however strict confidentiality will be maintained at all times.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Mortgage Compare Limited which is authorised and regulated by the
Financial Conduct Authority.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.
See our website for our terms and conditions.
Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority
Adverse Credit - The overall rate for comparison is 9.2% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration
Right to Buy Mortgages - The overall rate for comparison is 8.9% APR. The actual rate available will depend upon your circumstances. Ask for a Key Facts Illustration
CURRENCY MORTGAGES - CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING VALUE OF YOUR DEBT.
Mortgage Compare Limited is entered on the FCA register under reference number 600521.