Your guide to finding the right mortgage adviser
Securing a mortgage is a significant financial decision, and finding the right mortgage broker is crucial to make the process as smooth and efficient as possible. A good mortgage broker acts as a knowledgeable guide, offering expert advice, finding competitive interest rates, and navigating the complex world of mortgage products.
In this blog post, we will explore the key attributes of a good mortgage broker and how they can help you in securing the best mortgage deal.
Expert Mortgage Advice and Product Knowledge
A good mortgage broker possesses extensive knowledge of different mortgage products and can provide tailored advice based on your financial circumstances and goals. They should be able to explain the various types of mortgages available, such as fixed-rate, Variable rate, Tracker, discount and offset mortgages, including repayment and interest-only mortgages, helping you understand the pros and cons of each.
Access to a Wide Range of Mortgage Deals
An excellent mortgage broker has access to a vast network of lenders, including banks, Building Societies, and specialist lenders. We are a Whole of Market Mortgage Broker which allows us to compare thousands of mortgage deals and find one that suits your specific needs. We offer a choice of around 100 lenders and up to 25,000 different mortgage schemes. Our expertise in navigating the market helps us identify the right mortgage product for our clients
Specialist Mortgage Broker
Specialist mortgage brokers are professionals who focus on specific niches within the mortgage market. They possess in-depth knowledge and expertise in dealing with unique situations that may require a specialised approach. These brokers cater to individuals with specific needs, such as:
- Mortgages for purchases, re-mortgages, product transfers and buy to let properties
- Helping those with complicated incomes, such as company directors, contract workers, those receiving annual bonuses, commission, overtime and zero hours contracts
- Sole traders or self-employed, even with just one year’s accounts
- Mortgages for self-build properties and unique properties
- Mortgages for people who have had credit issues in the past
- Equity release – lifetime mortgage and later life lending
- Bridging loans
- Second charge
- High income multiples such as 5x your annual income
- Help to buy mortgages
- Mortgages with no deposit
- Shared ownership mortgages
- Joint borrower sole proprietor mortgages
- Guarantor mortgages
- Exceptional circumstances mortgages
Specialist mortgage brokers like us here at Greenacre Financial Services understand the intricacies of these niche areas and can provide tailored advice and access to lenders who specialise in the types of mortgages.
Independent and Impartial Advice
An independent mortgage broker is not tied to any specific lender or financial institution. This independence allows them to provide impartial advice, ensuring their recommendations are based solely on your best interests. They should take the time to understand your financial situation, long-term goals, and risk tolerance to recommend the most suitable mortgage product for you.
Streamlined Mortgage Application Process
Navigating the mortgage application process can be time-consuming and complex. A good mortgage broker will assist you with the application, handling the paperwork, and liaising with the lender on your behalf. They should keep you informed at every stage of the process, helping you meet the required deadlines and ensuring a smooth transaction.
Knowledge of Home Insurance and Additional Services
While primarily focused on securing the right mortgage, a good mortgage broker can also provide guidance on home insurance and other financial products like mortgage protection. They can help you understand the importance of insuring your property and ensuring you have the right level of personal protection in place such as life insurance and critical illness cover.
Understanding of First-Time Buyers’ Needs
For first-time buyers, the process of obtaining a mortgage can be particularly daunting. A good mortgage broker will have experience working with first-time buyers and will be able to guide them through the unique challenges they may face. They should patiently explain the process, offer valuable advice, and provide reassurance throughout.
Regulated by the Financial Conduct Authority (FCA)
When searching for a mortgage broker in the UK, it is essential to choose one who is regulated by the Financial Conduct Authority (FCA). FCA-regulated brokers adhere to strict standards and codes of conduct, providing you with peace of mind and assurance that they are operating within the industry’s regulations.
Commitment to Customer Service
Exceptional customer service should be a hallmark of any good mortgage broker. Look for 5 star reviews on Google or positive client testimonials – we now have over 400+ 5* Google reviews! They should be responsive to your inquiries, keeping you informed and addressing any concerns promptly. A broker who takes the time to build a relationship with you, listens to your needs, and provides ongoing support will make your mortgage journey much more pleasant.
Let us help you with your mortgage process, whatever your situation…
Greenacre Financial Services Ltd was set up in 2018 as an independent mortgage services company offering advice on all types of mortgage and insurances. Our team have extensive knowledge of all of the products and services mentioned in this blog.
As well as ticking all the boxes above, we have multi-language advisors covering British Sign Language, Portuguese and Arabic. We offer carbon-positive mortgages, allowing us to award our clients with a Climate Positive Mortgage Application certificate on completion.
If you have your heart set on a property when viewing at the weekend, or late in the evening after work, you do not want to wait until 9am on the next working day get the mortgage ball rolling. We are open 24/7, offering out of hours appointments to suit you.
So, if you are searching for ‘best mortgage advisor near me’, look no further. We are happy to help wherever you are in the UK, and we also understand that you may have limited time available, therefore we offer telephone, email, office based and home visits at a time to suit your needs.
For more information about any of our services, get in touch by calling us on 0203 3939 222 or email firstname.lastname@example.org.