If, like many others in the UK, you’re currently in the process of considering putting your home on the market and upsizing, there’s every chance you’re soon going to be out there looking for the most suitable mortgage to meet your individual circumstances and financial needs and requirements. Of course, whilst many decide to deal directly with lenders themselves and spend time shopping around for the best rates and deals, it takes time and effort and in many cases results in unnecessary stress.
The other alternative, and that preferred by many, is to use the services of a mortgage broker to deal with the lenders, find the best rates and advise as to the most suitable mortgage. It’ll save time and in many cases, money as well. We wanted to take a brief look at the advantages of using a mortgage broker to secure your next mortgage and, in order to do so, have joined up with the team over Mortgageforce Worcester.
1. Receive Professional Advice
Do you know the difference between a tracker mortgage, a fixed mortgage and a variable mortgage? No, we thought not! As such, how are you best placed to find the most suitable mortgage and make a decision on which to proceed with? You’re not so why not leave the education to a professional who will be able to advise you on what suits your personal financial circumstances best and what will work for you in the long run, helping you to work towards your financial goals.
2. Get Exclusive Mortgage Rates
Many mortgage brokers have access to exclusive rates through lenders and, as such, will be able to offer you deals that you simply couldn’t get by going direct! If at all possible, consider using the services of a mortgage broker if only to see what deals may be available. When we’re talking about hundreds of thousands of pounds, even a small reduction in interest rates can equate to huge savings so it’s well worth it on any account!
Above all, however, it’s important to understand just how stressful a mortgage application can be and that in most cases, you won’t pay a fee for the services of a mortgage broker! They’ll receive commission from the lender meaning you’ll get the benefits and the advice without it costing you anything at all!