How to find the best mortgage deal

Professional mortgage advice is essential and can save you thousands of pounds, in the current financial climiate it's even more crucial to get good, unbiased advice

About Mansfield Mortgages

With a great team around us, we make sure that every customer is at the centre of all we do. We have a combined experience of 63 years in the mortgage and finance industry. With modern practices we work with customers all over the country, word of mouth travels far and wide!

mortgage mortgages mortgage advice Mortgage Mortgage broker Deal rate Find Mortgage Deal

Professional mortgage advice is essential and can save you thousands of pounds, in the current financial climiate it's even more crucial to get good, unbiased advice

About Mansfield Mortgages

mortgage mortgages mortgage advice Mortgage Mortgage broker Deal rate Find Mortgage Deal

 
 
How to Find the Best Mortgage Deal 
Getting the right mortgage deal can save your hundreds maybe even thousands of pounds, this is 
more important than ever at the moment as interest rates are higher than they have been for years.  
Mortgage rates rocketed in September 2022, if you are thinking of buying a home or need to 
remortgage this is likely to affect you. 
There are literally thousands of mortgages on the market, each with vastly differing rates and fees, 
so it’s important you don’t settle for the first one you find and seek out professional mortgage 
advice.  
So, where should you start? The first step is to decide what type of mortgage is best for you, fixed, 
variable, discount or specialist. Then you need to research what rates you can get. The rate usually 
depends on the size of your deposit and the property value. If you have a larger deposit compared to 
the value of the property you should be able to get a better rate. 
Then research the deals available on the high street, online and through your bank or current lender. 
There are lots of mortgage comparison sites online, but remember that none guarantee to show you 
all the deals available and  
Then approach a qualified mortgage broker (double check whether they are regulated by the FCA) to 
see if they can find a better deal. Mortgage brokers have access deals that are not available on the 
high street and will be able to advise on which lender may look favourably on your circumstances 
based on their individual criteria. A mortgage broker will also be able to advise on an homebuying 
schemes that you may be eligible for.  
When looking for a broker you should check if they are qualified and independent or tied to a small 
panel of lenders. Brokers may charge a fee and/or receive commission and you will need to weigh 
this against the benefits and savings of the deal they find. 
A good mortgage broker could potentially save you thousands over the life of your mortgage, will 
know the market and make finding and applying for the mortgage a much smoother process. Using a 
mortgage broker should help to reduce the risk of a rejected application which can prove costly in 
terms of time and money and you may miss out on the property that you really want. They will also 
liaise with your lender on your behalf and deal with any problems that may arise, they should also 
be able to offer advice on other relevant products such as life or home insurance.