Getting the Right Mortgage Advice and the Best Deal for You
The cost of living crisis has made us all look at our finances, as prices soar and incomes stay the same, most of us
are looking to save money where we can. If you are looking to purchase a new home, remortgaging to try and get
a better deal or you have come to the end of your fixed term deal, getting the right mortgage for your circum-
stances is more important than ever.
Before you start searching for a mortgage it’s a good idea to decide whether you want to go for a fixed, variable,
discount or specialist mortgage and to calculate the deposit you will have and the value of the property. Usually
the bigger the deposit when compared to the value of the property the better the rate you will be able to get.
We recommend you research lots of options including approaching your current bank and looking at the mortgage
comparison sites. Whilst these will offer lots of options we also recommend getting advice from a reputable mort-
gage broker as they will have options that are not available on the general market.
An unbiased independent mortgage broker will review the whole market, covering thousands of deals. They will
also be able to advise you on any schemes available if you are eligible, and help you through the process. They un-
derstand key details about each lenders’ criteria and be able to make appropriate recommendations. Ensure that
your broker will check all lenders including deals that are offered to the general public. Getting a mortgage
through a broker can also improve your chances of being accepted for a mortgage as they will match your circum-
stances to an appropriate lender.
Before engaging a broker you should ask some key questions including, are you qualified to advise, which products
will you check and do you charge a fee.
Although you may be charged a fee by a mortgage broker, they will check your finances to make sure you meet
the criteria, have access to exclusive deals with lenders not otherwise available,