Why use a mortgage broker?

Mortgages are the most significant financial commitment many people will ever make, yet they are often difficult to understand. With thousands of products to choose from, finding the best value for your requirements isn’t easy.

Professional mortgage brokers can help with this. They assist you in obtaining the most appropriate and competitive mortgage for your needs, as well as easing the way to making an offer, making the process as simple and quick as feasible.

What is a mortgage broker?
A mortgage broker is a person or firm who can help you get a loan from a mortgage lender. Whether you’re a first-time buyer or wanting to refinance your current property, they’ll work closely with you to determine what type of mortgage you require and then discover a package that meets your needs.

What are the benefits of using a mortgage broker?

  1. Market Knowledge
    It’s one thing to locate the most affordable mortgage, but that’s only half the battle. A mortgage broker understands which lenders will accept your application and which will refuse it. They assist you in getting it right the first time, which may make or break your home acquisition. They also know which lenders are capable of promptly processing mortgage applications and which are currently slower with service.

2.Specialist needs
If you’re self-employed, have seasonal income, or have a negative credit history, getting a mortgage on the high street may be challenging. A broker has access to a wide range of specialised lenders and has worked with people who aren’t eligible for traditional loans. Specialist lenders recognise that life gets in the way of even the best-laid plans, and you may be turned down by a mainstream lender due to circumstances beyond your control. If your circumstances are peculiar, our professional underwriters will evaluate each application individually and look at the overall picture.

  1. Wider Choice
    You will have access to more mortgages through a mortgage broker than you would have as a consumer. This is because certain lenders only lend through mortgage brokers, and several other lenders establish unique mortgages that can only be obtained through a mortgage broker.

Looking for a mortgage broker?
Veracity Financial Planning offer financial planning and advice covering mortgages, pensions, investments, and insurance. Veracity FP typically work with individuals or families who have accumulated, or expect to accumulate, a large value of assets together with a lifestyle that should be sufficient to last a lifetime, but not necessarily sufficient to be unconcerned with the safety and security of their assets and their lifestyle.

Contact Veracity Financial Planning now. Call 0115 967 0888 or email: financialadvice@veracityfp.co.uk

ABOUT THE AUTHOR

Woody Snapper

Woody Snapper

Woody works with individuals and business' looking for corporate finance, high net worth mortgages, complex loans, bridging loans and development finance.

To contact Woody.

Tel: 07922 413586

or

Email: woody@veracityfp.co.uk