Mortgage brokers can scour the market for you, looking for the right deal to suit your situation. They are also particularly useful if you are in an unusual position. It’s a myth that only those who cannot get a mortgage from a bank use brokers – the majority of a broker’s customers are people who want professional advice and access to the most appropriate solution at a minimum time spend.
Who can use a mortgage broker?
Anyone getting a mortgage can use a mortgage broker. It can be particularly helpful if:
you would like advice on general mortgage options
you are remortgaging and want to check you are on the right deal
you rely on irregular freelance, self-employed earnings, contracting or any unusual income structure
you own your own business or work for a family / connected business
you are raising a mortgage on a second property to pay the deposit on the first. They can manage both sides.
you need a bridging loan or 2nd Charge
What are the advantages of using a mortgage broker?
Mortgage brokers know the market well and have systems to research the latest mortgage products and rates
They know which lenders are comfortable with your circumstances without undertaking formal applications or credit searches
Mortgage brokers will offer advice and guidance throughout the process and will also act as your advocate with the mortgage lenders, making it less stressful and speedier with higher chances of success due to their understanding/relationship
They can also sometimes get very good deals, better than you could get going direct to the lender as they may have exclusive products due to the volumes they undertake
Why use ElliotLee’s independent mortgage advisors?
Independent Advisors – No conflict of interest with the seller or seller’s agent.
Whole of Market Proposition – Able to compare options from across the market to secure the most appropriate rate based on your situation and needs.
Speed of Service – Direct log-ins with lenders for a smooth application process. No need for long waits for branch appointments.
Free Assessment – They know how lenders work and can provide an accurate assessment of your borrowing capacity and associated costs. No Credit searches undertaken at this stage.
And you get Advice – As advisers, they can help guide you. Getting a mortgage may not be the issue, but the right mortgage with the right structure is key.
Personal Protection and Insurance – Qualified advice to ensure a suitable solution. A panel of providers to select from. Protect your assets and family.