What does a mortgage advisor do and why should you consult one?

Finding, choosing and being accepted for a mortgage is a vital step on most would-be property owners’ journeys onto or up the ladder.

A good mortgage deal matters, especially in today’s climate, with the potential to slash your monthly expenses as a homeowner one thing no one will say “no” to! The key to finding the best deal for your circumstances? Comparing mortgage quotes of course, and after a quick 10-minute Google, you’ll find that there are SO many products to choose from, which can make the process pretty daunting.

You don’t have to take on your search for the right mortgage alone however. Here’s how a mortgage advisor can help!

The role of a mortgage advisor

There are people who’s job it is to scour the mortgage market on your behalf. With their support, you get to compare the latest interest rates and deals with ease, understand exactly what your monthly repayments will look like, assess your affordability with confidence, and narrow down your property search to homes well within your budget.

It’s not just finding a suitable mortgage deal that we are dedicated to. We’ll guide you through the entire process from assessment to application. We understand that every client’s financial circumstances are different and examine these in great detail to ensure the delivery of truly tailored mortgage advice.

Once you’ve secured the right mortgage and your dream property, our service doesn’t end there. We can assist with insurance cover and remortgaging later down the line.

The benefits of working with an advisor

Working with a mortgage advisor could save you time and money when buying your first home, purchasing your next or making a property investment (including a buy-to-let or holiday home). Pension Times explains the difference partnering with a mortgage broker could make using just a few tricks of the trade:

“… there is always room for negotiation, although it can be a case of who you know, not what you know. Mortgage headline figures can be misleading. For example, low mortgage rates could relate to relatively low LTVs. An experienced mortgage advisor will be aware of providers offering flexibility in negotiations and their preferred customer profile. Negotiation is an art form which many mortgage advisors have managed to master.”

Seasoned mortgage advisors also have a knack for looking at the bigger picture, meaning you can overcome challenges that could lower your chances of approval. By working with a mortgage advisor, you will only be put forward for the mortgage products that you are likely to be approved for, and this can make the whole process a far less stressful experience.

Mortgage advisors also have access to the widest range of lenders and mortgage deals around, many of which may not be available to the public when applying directly.

Choosing a mortgage advisor for your needs

Not all mortgage advisors were created equal. Many are tied or multi-tied, which could mean access to a limited range of deals and products that may not necessarily be the best options. With this in mind, you should always go independent when choosing a mortgage broker.

As an independent mortgage advisor we always work with your best interests in mind – that’s right, we have no affiliations with specific lenders, estate agents or life assurance providers. Instead we have access to thousands of schemes, and use this network to find the best deals for you and your circumstances.

Remember, experience also counts, and will make the mortgage search, application and approval even simpler and straightforward. Here at The Mortgage Bureau, we pride ourselves on delivering services and support that’s regulated by the FCA and approved by customers. Our jargon-free, no pressure approach guarantees a service you can trust, not just now but long into the future.

Find out more about why you should work with us by contacting our team directly to discuss your needs.