Do I need a mortgage broker to get the best deal?

Getting a great mortgage deal matters more now than ever. With the cost of living crisis intensifying, every penny counts, and bagging a good mortgage product could be your ticket to holding onto some much needed cash. A good mortgage deal however is so much more than lower monthly repayments.

Thankfully, we know exactly what to look for on your behalf, so you can concentrate on finding your dream property! Here’s how a mortgage broker like us can get you the very best deal.

Access to the whole market… and more

With access to countless deals from countless lenders, including high street banks and specialists, your property purchase is in the right hands with an independent broker. With more deals to sift through comes an increased chance of finding the best rate, terms and product fit for your exact circumstances, and it’ll pay dividends in both the short and long term!

Here at The Mortgage Bureau, we also have access to broker-only deals, such as special rates and incentives. These aren’t found online or when applying for a mortgage in branch, and could mean lower interest rates, less fees, free valuations, cashback and more flexible underwriting.

Advice tailored to you and your circumstances

We understand that there’s no ‘one size fits all’ when finding the financial backing you need to proceed with your purchase. Whether buying for the very first time or moving up the property ladder, it’s our mission to take a look at the full financial picture to recommend the most suitable mortgage product.

We’re also experts in non-standard mortgage applications, and are well known for levelling the playing field for the self-employed, portfolio landlords, expats, first time buyers and purchasers with adverse credit.

Better chances of mortgage approval

With tailored advice comes more suitable mortgage products for your circumstances, which makes it more likely that you’ll be approved first time. We know the ins and outs of the mortgage application process to ensure better outcomes for all of our clients. The result? Fewer declined mortgage applications, less time wasted, less damage to your credit file and less stress for you.

Our specialists are also on hand to provide guidance on the steps you can take to make yourself more mortgageable. Here’s a handy tip from Ideal Home to improve your prospects ahead of your mortgage application:

“Your lender will run its credit check at the start of your mortgage application and any debts you have will be considered when the bank works out the maximum mortgage it will lend you. However, the lender can run a new credit check whenever it likes up until your home purchase completes. If you’ve taken out a large commitment such as a new car loan in the meantime, the lender could withdraw its mortgage offer.”

Navigate the market together

You don’t have to negotiate the property buying process alone. The mortgage market can be particularly complex, with changing rates just one thing that’ll add confusion that you could really do without. We’re here to support you every step of the way, with deals monitored on your behalf and products able to be switched to more competitive alternatives should a better rate arise.

With you for the long haul

Our FCA-regulated brokers aren’t just with you for the duration of your mortgage application. We can assist with long term financial planning to support you beyond your property purchase. Our experts can review your mortgage, help you prepare for remortgaging and enable you to expand your buy-to-let interests.

We operate independently of all mortgage lenders, estate agents and life assurance providers to guarantee the very best deal for YOU, and you alone. Contact us today to discuss your options.