Benefits of Working with a Mortgage Broker

Buying a home is a significant investment, often considered one of life's most challenging and stressful endeavours. But fear not! With thousands of mortgage products to choose from, it's crucial to start on the right path. That's where a qualified and organised mortgage broker comes in. Here we explore the qualities of a great broker, their remuneration, the value they provide, and the long-term benefits they offer. Say goodbye to mortgage stress and hello to a smooth home buying journey!

Partner with a Mortgage Broker

What Will a Mortgage Broker Do For Me?

Offer You More Choice:

Your Mortgage Broker will conduct thorough research across the entire market. (Is your current broker doing this for you?) Unlike approaching your bank or building society directly, where you'll only have a few options presented to you, a mortgage broker can access a vast selection of products from various lenders. This allows for a wider range of choices and better chances of finding the most suitable deal for you.

Better Accessibility / Support When You Need It Most:

When it comes to getting a mortgage, working with a mortgage broker can save you time and hassle. Unlike dealing directly with a bank or building society, a mortgage broker is flexible and can accommodate your schedule. While some lenders offer good service, most brokers prioritise customer satisfaction. Whether they work independently or as part of a smaller organisation, a great mortgage broker will provide dedicated attention throughout the entire process.

Don't let delays beyond your control hold you back from securing a mortgage. Choose a mortgage broker who truly cares about your needs.

A Single Point of Contact:

Your Mortgage Broker will be your dedicated point of contact, guiding you through the entire process and providing support and reassurance whenever needed. This invaluable relationship ensures quick answers to your questions and helps overcome any challenges that may arise.

More Product Choice:

Your Mortgage Broker will, from time to time, have access to some ‘Exclusive’ mortgage deals, so these will be deals that are perhaps not currently available to you on the high street.

Help Organise Your Paperwork:

You will be expected to present your documents which the lender will need to approve. Your mortgage broker will make it clear what paperwork will be required in order to secure a swift and positive outcome. Having a broker by your side will undoubtedly simplify things for you.

Help Work Out Your ‘True’ Borrowing Limit:

When determining your borrowing capacity, it's important to go beyond online mortgage calculators. While they can be a helpful starting point, many factors can impact your mortgage affordability. That's why it's recommended to consult with an experienced mortgage broker for a more accurate assessment. Each lender has their own calculators and affordability models, which can vary significantly. For instance, if you're self-employed, certain lenders may be more suitable for your needs.

By working with a mortgage broker, you can gain valuable insights into your mortgage budget, making you more informed and confident when viewing properties. Trust the experts to help you navigate the mortgage process efficiently and effectively.

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How a Mortgage Broker Can Help You Find the Right Lender

Your mortgage broker has the expertise to identify lenders who will consider your application. They will assess both affordability and criteria/policy requirements before proceeding with your Agreement In Principle. The mortgage industry is constantly evolving, and while one lender may approve your application, another may not. By consulting a mortgage broker, you can save valuable time and money in the long term, and avoid unnecessary credit checks on your report.

A Broker Will Help You Understand How to Protect Your Mortgage:

Purchasing a home is likely to be your biggest investment ever. While you will insure and protect your home, car, and pets, it's crucial not to overlook the one asset that funds everything - your income! Your Mortgage Broker is there to offer advice and support for your insurance and protection needs. This can include safeguarding your income in case of illness or injury, as well as protecting your mortgage in the event of death or critical illness.

New Home, Fresh Beginnings!

How Are Mortgage Brokers Paid?

Mortgage brokers generally earn a fee from banks and building societies. However, some brokers may also impose an additional charge. It's crucial to research thoroughly before selecting a broker. For more information, visit our broker fees page to understand our fee structure.

We appreciate your interest, but there may be times when we aren't the best fit for your needs. For instance, if you are borrowing less than £225,000, we will charge a fee, whereas other brokers might be able to assist you without such costs.

Additionally, you may want to take a look at our article Do All Mortgage Brokers Charge Fees? for a comprehensive guide on what to consider.

In Summary

Navigating the mortgage process can be daunting, but having an experienced mortgage broker by your side is invaluable. With their expertise and guidance, you'll feel secure as you achieve one of life's biggest milestones.

And we'd love to be your mortgage broker, so please feel free to call and............

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Your home may be repossessed if you do not keep up repayments on your mortgage.

Typically we do not charge a fee for arranging a mortgage, however, the actual fee will depend on your circumstances.

As with all insurance policies, conditions and exclusions will apply.

Published by Beechwood Mortgages Ref: 219335 with review and approval from Stonebridge Mortgage Solutions Limited who is authorised and regulated by the Financial Conduct Authority Ref: 454811.