‘Whole of Market’ meaning
Are you dreaming of owning your own home? Or perhaps you’re eager to invest in property? Whatever your aspirations, navigating the mortgage market can feel like a daunting task. So, what is a whole of market mortgage broker and how can they help?
With a myriad of options available, finding the right mortgage deal can be overwhelming.
But rest assured, we are here to demystify the process to make sure you navigate the mortgage market with confidence and clarity.
At Greenacre Financial Services we offer independent, whole of market mortgage advice with access to over 100 lenders throughout the UK. But note this is not the case for everyone offering mortgage advice…
What does Whole of Market mean?
A ‘Whole of Market’ broker does not necessarily need to be able to look at a broad range of mortgages from many UK Lenders. Some mortgage brokers only have a panel of lenders who represent each sector of the mortgage market.
Therefore, unlike us here at Greenacre independent mortgage brokers, traditional mortgage brokers can still be defined as a ‘Whole of Market’ broker even when they only sell products from a very limited panel of lenders for their clients.
You should always ask your mortgage advisor if they are working for a specific lender where only their products are offered. For clarity, ask for a list of their lender panel in order to establish if you are receiving completely independent advice.
Getting the right mortgage for you
A true Whole of Market mortgage broker will offer a wide range of products, fully representative of the entire market so we can offer you all suitable available mortgages, as opposed to mortgage advisers that are tied to a specific lender or a limited list of lenders.
Greenacre guarantees a Whole of Market reach of over 100 different lenders that will undoubtedly give you an advantage in securing the right mortgage at the best price possible.
Our expert knowledge and flexibility will ensure that we can find the best deal for first time buyers, those moving home and those looking to remortgage. We also specialise in buy-to-let and specialist mortgages too.
We will work in your best interest to find the right mortgage with rates that suit your budget and use our thorough knowledge of the housing market to highlight the best lenders and mortgage deals out there.
Read our Top Tips To Get The Best Deal On Your Mortgage for great ways to get locked in at a great rate.
Should I get a mortgage directly from a lender?
If you are absolutely confident you have done as much research as possible, that you know the whole market, and feel you have found the best loan deal at the right time, then you can consider getting your mortgage directly from a lender. But if you are lacking in the experience required to make a well-informed decision, we strongly recommend seeking advice from a mortgage broker.
Keep in mind that the advice you get from lenders when buying a home, like a bank or building society, will only refer to their own products rather than an unbiased view of the whole market. Plus going direct means you will not have access to any great broker-only deals. Therefore, we recommend talking to a broker first, even if you decide to go direct later on.
Read our blog on The Three Biggest Factors That Determine Mortgage Affordability before you embark on your search.
Contact Greenacre today
At Greenacre Financial Services, we’re not just mortgage brokers; we’re your trusted partners on the journey to homeownership. With our Whole of Market approach, the possibilities are endless, and your dream home is within reach.
Unlike many of our corporate competitors and other mortgage brokers, as comprehensive mortgage brokers, we guarantee that we are a completely independent Whole of Market mortgage broker, abiding to a duty of care, offering a choice of around 100 lenders and up to 25,000 different mortgage schemes.
So why choose a Whole of Market mortgage broker like Greenacre Financial Services? Let’s break it down: What is a whole of market mortgage broker?
- Unbiased Advice: With no allegiance to any particular lender, we offer impartial advice that’s solely focused on your best interests. Our goal is simple: to find the mortgage that suits you, not the one that benefits us.
- Access to Exclusive Deals: Our extensive network grants us access to exclusive deals and rates that are often unavailable to the general public. This means you get access to the cream of the crop, giving you a competitive edge in the market.
- Tailored Solutions: Every individual is unique, and so are their mortgage needs. Whether you’re a first-time buyer, a seasoned investor, or looking to remortgage, we tailor our services to suit your specific requirements. One size does not fit all, and we understand that better than anyone.
- Expert Guidance: Navigating the mortgage maze can be bewildering, especially for first-time buyers. That’s where our expertise comes in. Our team of seasoned professionals are here to guide you every step of the way, providing clarity and peace of mind throughout the process.
Why settle for anything less than the best? Choose Greenacre Financial Services and unlock a world of mortgage opportunities today!
For more information about any of our services, or to discuss what is a whole of market mortgage broker further, please do not hesitate to get in touch by calling us on 0203 3939 222.
