Why use a mortgage broker? Why use a mortgage broker? Mortgages are one of the biggest financial commitments most of us will ever make, they are complicated and with thousands of products available it can be hard to find the right option. An experienced, professional mortgage broker will help you to get the most suitable and competitive mortgage for your individual circumstances. As well as managing the process to make it easier for you. Whole of Market advice Mortgage brokers search for the right mortgage for you, as they are not tied to a particular lender this is across the market from all the lenders, they also have exclusive access to products which are not available to the general public. They will also offer personal advice tailored to your individual needs. Qualified & REgulated Brokers have to have professional qualifications to give mortgage advice and are regulated by the Financial Conduct Authority. Fee or fee free Lenders often pay brokers a percentage of the loan amount when the mortgage completes, this essentially acts as a commission to your broker for their service. Some brokers may also charge a fee for giving advice or arranging the mortgage, costs can very so you would need to check with your broker. Market knowledge Brokers will take detailed information from your about your circumstances and will know which mortgages you will be able to access and depending on your circumstances which lenders are more likely to accept your application. This can help you prevent any breakdown in your property chain. Specialist Needs If you are self-employed, have a history or bad credit or other issues, even those where you are not at fault, getting a mortgage may be more complicated. This is where a good mortgage brokers experience can help those excluded from the main street market. process Not only will your broker help find the right mortgage, they will also complete the paperwork helping you to fill out the forms and preparing your application so that it can progress first time. They will also regularly liaise with the lender and solicitors if required. What happens if my circumstances change If you circumstances change your mortgage broker is there to review your options, you can always get in touch with them if you plan to move or need to re-mortgage. Your broker will also get in touch in advance of a mortgage deal ending to review your circumstances and see if they can arrange a better deal for you.