There are thousands of firms offering mortgage advice and there are many ways of finding them. Some firms will advertise directly, such as by leaflet or on the internet, while others will be recommended by friends or family or located through a search engine. However you find them, it is important that you have a clear understanding of what services they offer and compare them with those offered by other firms. This is because the type of service provided and the quality of advice given can vary greatly from firm to firm.
If you’re looking for advice on your mortgage, it may be tempting to approach a bank or building society. After all, they’re the ones who issue the mortgages – and they might be able to offer you one of their own products.
But that’s not necessarily in your best interests. There are many other lenders on the market and choosing a mortgage is one of the biggest financial decisions you will ever make. Even if you do go with a bank or building society, it’s still worth speaking to an independent mortgage broker who can tell you about the whole
There are a number of different ways people go about choosing a mortgage adviser. Some people ask friends or family if they can recommend anyone, while others simply call the first company they come across in an online search.
However, these aren’t the most sensible options. The best way to get a good mortgage broker is to choose one that has experience with your type of circumstances and also one you feel comfortable communicating with.
Finding an experienced mortgage broker
Although basic mortgages are all relatively similar, there are lots of different factors that can affect the kinds of deals lenders offer you or even whether they will lend to you at all.
You could therefore look for somebody that has experience giving advice on your particular circumstances:
- Are you self-employed? If so, there are brokers who specialize in self-employed mortgages.
- Do you have bad credit? Bad credit mortgages brokers can help find lenders who might accept your application
- Are you looking to buy a house abroad? International mortgage advisers can help find suitable deals.
- Finding a broker that’s right for you
Once you’ve found some brokers with the relevant experience, it’s time to get in touch with them and see which one seems like the best fit. Mortgage advisers are the experts you turn to for help when it comes to applying for a mortgage, whether it’s for your first home or you’re looking to remortgage.