A mortgage broker is a qualified professional financial advisor who is regulated by the financial conduct authority & specialises in helping people obtain mortgage finance to buy or remortgage their home. This might be for a home they want to live in or for a home they want to rent out.
An experienced mortgage brokers job is to listen to your financial circumstances, understand where you’re currently at, where you want to get to & what new home you want to buy or remortgage.
A great mortgage broker should then make a plan that gets you there as quickly, easily and cost effectively as possible, taking account of your individual circumstances.
Good mortgage brokers also take care of all the paperwork and match you to the best lender that’s available for your personal circumstances ensuring you get the perfect deal for you. One thing to look out for is to make sure that you’re dealing with an independent mortgage broker so that you know with confidence they have access to all the deals in the market.
The best local mortgage brokers will also instruct your solicitors saving you the time and hassle when you may not know what to do or say, arrange the home survey that you’re going to want to make sure that the home you’re buying is good quality and help you along the process until it is all completed.
What Is Discussed In A Mortgage Meeting?
All our initial mortgage meetings are at our own expense. We want customers to feel comfortable sitting down & talking to us without obligation, to discuss your circumstances.
Our initial meetings are designed to find out what your goals are & how best to structure a mortgage plan to get there taking everything you’re going to tell us into account.
We start by analysing your current provisions to find out what we can use from these to try and secure any new finance before thinking about starting any new plans.
Our next job is to discuss how best to structure the terms of any borrowing in connection with your age, objectives & any retirement plans you may have, as the lender is going to make its decision based on the property type, your employment status, the amount and frequency of your income, time in your current role along with your financial commitments & credit history.
We then make sure you do not risk wasting time & money with lenders & providers that appear attractive at first glance but may ultimately not accept you based on strict underwriting criteria.
We also help to make sure you do not waste money paying too much for insurance to protect your assets and that you do get the best mortgage based on your priorities & objectives; that you do get the most up to date protection plans which offer the widest possible cover against a range of conditions that the best plans offer.
If this sounds like the type of service you would like then feel free to get in touch with us by clicking here.
