When it comes to getting a mortgage, most people turn to the banks or building societies they already do business with. While this can be beneficial, it can also mean you are limiting your choices.
Take some time to look at all the mortgage deals available. Here’s where the differences between a mortgage banker and a mortgage broker come into play.
A mortgage broker can provide you with a wider selection of options than a mortgage banker.
It’s a good idea to get in touch with a mortgage adviser – sometimes referred to as a mortgage broker. We can provide you with essential mortgage advice that is tailored to your specific needs.
We can help you find the best mortgage deals from thousands of different lenders.
Table of Contents
What does a mortgage adviser do?
A mortgage adviser provides advice on a variety of different types of mortgages. We can guide you through the entire mortgage process, from pre-mortgage to post-mortgage and beyond.
- What the initial steps are
- What research needs to be done
- How to save for a deposit within your budget
- How to find a mortgage and complete the application process
The beauty of it all is that you can benefit from this expert guidance before you even begin the process of house hunting. Not only will we be able to help you evaluate your incomings and expenses, but we will also use specific budget planning tools that can help you determine how much you could borrow. This will be of great benefit to you when it comes to house hunting!
They help find your mortgage
After saving your deposit and finding a house you love, you’ll return to your mortgage adviser who will look through thousands of deals from hundreds of different lenders. We’ll also be able to tell you which mortgage companies will lend to you based on what type of property you’re looking to buy. That’s because not every mortgage company will lend to every buyer or on every type of property.
Having a UK mortgage broker to help you find your mortgage means you’ll be less likely to be denied a mortgage. And don’t worry, our work doesn’t end once you apply for a mortgage.
They deal with mortgage application
Once they get your mortgage sorted out, they will take care of the whole application process for you, so you don’t have to worry about all the paperwork. They will also take care of the surveyors, your lawyer, and any other paperwork. But most importantly, they’ll keep you in the loop and be there if you ever have any questions, even if you think they’re stupid!
Help You With Mortgage Insurance Protection
When you’re buying a house, you’ll need to make sure you have the right kind of insurance. Buildings and contents insurance are important, but you should also look into life and critical illness insurance to make sure you can stay in your home, no matter what. Trying to figure this out on your own can be a real hassle, especially when you’re trying to get all the paperwork sorted for your mortgage. But don’t worry, lots of mortgage advisers are here to help. We can help you shop around and find the best policy for your family, plus take care of any paperwork so you can focus on getting ready for your move.