The importance of using a Mortgage Adviser.

Why it is so important to use a Mortgage Adviser?

It is now, more important than ever to receive quality mortgage advice from an Independent and Whole of Market mortgage adviser. 

Mortgages are the largest financial commitment most of us will make in our lifetimes, but they can be complicated. 

There are thousands of mortgage deals available and it’s not easy to find the right deal that suits your circumstances. 

This is where the importance of using a Mortgage Adviser comes in. 

We help you to get the most suitable and competitive mortgage for your circumstances and enable you have a smooth journey to receive your mortgage offer, making the process as hassle-free as possible. 

This blog explains clearly the difference between finding a cheap mortgage deal online, selecting a mortgage from your banks limited offering, versus the importance of using a Mortgage Adviser. 

What is a Mortgage Adviser?

A mortgage adviser, often referred to as a mortgage broker specialises in finding lenders who will meet your needs for a mortgage. 

They do this by providing you with advice and researching and recommending the mortgages most suitable for you. 

They will then complete your mortgage application on your behalf liaising with the lender to obtain a mortgage offer for you. 

Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and need to achieve specific qualifications to be a mortgage broker.

Market knowledge

It may seem easy to look online and find a mortgage deal based on mortgage interest rates that are available, but that is only half the battle.

An experienced broker knows which mortgages you’ll be able to access, and which lenders would not be available to you due to certain criteria requirements and your credit history. 

Every lender has their own list of criteria which we have to ensure that your personal finances, and the property, must meet to be successful in your application for a mortgage with them. This is not something you could find on a search engine. 

Bank Vs Broker 

If you go to your bank for a mortgage, they will provide you with the best mortgage deal they have available from their own small selection. 

A whole of market mortgage adviser can search the entire market for the best deal from a vast range of banks and building societies to ensure the final mortgage deal, is the best suited to you overall. 

We will help you get it right, which could potentially make or break your property purchase or remortgage. 

Some mortgage deals are only available via intermediary channels, meaning specialist deals can only be accessed through a whole of market mortgage adviser. 

If you would like to explore your mortgage options, you can contact us on: 07557988090  mortgages@claritywm.co.uk

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