Mortgage Broker Gloucester – Help on a local level
What does a Mortgage broker do?
A mortgage broker has expertise and experience in the mortgage market. Our job as mortgage advisers is to help you to find the right kind of mortgage with the payments and rates that will suit your needs and your budget. We talk through your options and show you the most suitable options with the expert knowledge that we have. Being experienced with mortgages and the housing market, we can find the right mortgage, lenders and deals that are out there.
We, as mortgage brokers, have a duty of care towards you, so we can’t and won’t recommend something to you if we can’t justify it. Our decisions are all made on individual circumstances, and we take into account things such as how much deposit you can make, monthly repayments, credit history, and interest rates.
What are the benefits of using a mortgage broker?
When looking at mortgages, you can go directly to a lender yourself, such as approaching your current bank. Doing this can mean that you miss out on some of the advantages that come from using a broker.
Whole of Market Comparison
Mortgage brokers have access to a larger range of mortgage lenders, some of whom you may not be familiar with as they are not the mainstream banks. Searching through this number of lenders alone would be a lengthy process.
Exclusive Broker Only Deals
Brokers have access to exclusive deals that would not be available to you if you went directly. This will give you options that would otherwise not be available to you.
Mortgage Brokers are not tied to single product or lender which means that they are not trying to push a certain product. They are therefore in tune with your requirements and finding the right mortgage product to fit you.
Mortgage applications are something a mortgage broker does on a daily basis. Understanding how to collate a successful application, how to complete the paperwork, avoiding pitfalls and dealing with solicitors/lenders is what they do. This will save you time and effort when finding the right mortgage deal.
Ultimately, you are likely to have access to better mortgage rates when you use a mortgage broker, than without one.
What services are offered by a mortgage broker?
Using a mortgage broker isn’t just about getting advice on a mortgage. We can also help you to find life insurance, and payment protection that suits your needs too. We can even help you to find buildings and contents insurance that is suitable for your needs. No matter if you are a first-time buyer to someone experienced in buying properties, we can help you as things are changing all the time.
We can also make sure that we recommend homeowner insurance that is based on mortgage arrangements. In case of things like death, critical illness, and redundancy, you will want to make sure that you are covered.
Mortgage brokers can help with getting a mortgage if you are self-employed. It can be harder to get a mortgage when self-employed because you don’t always have a regular income of the same amount of money. A local mortgage broker can look into the best options for you, which isn’t something that would always happen with your bank.
As well as mortgages for those who are self employed, we can help with Buy to Let mortgages if you are planning to become a landlord, or simply help with the process of remortgaging if you are coming to the end of a fixed term or your circumstances have changed since you first applied for your mortgage.
What are the benefits of using a local broker?
When you use a local Gloucester-based mortgage broker like us, there are a number of benefits. We can use our local contacts and connections to find the most preferential rates on other local services. We can also share our contacts for surveyors and local solicitors that we have worked with before and would recommend.
You will get the advantage of our local expertise too, having helped hundreds of people with their mortgage in the Gloucester area for a number of years. Our local knowledge of up and coming local areas, as well as new constructions can help in your quest for the ideal mortgage.
Get in touch with us today
For more information and to talk with our team of experts, why not get in touch with us today? We look forward to hearing from you.