Should you compare mortgages online or hire a broker?

These days, there’s a price comparison service for pretty much everything. Yes, gone are the days when you simply renew, no questions asked, and stick with your chosen lender or service provider for the sake of convenience. It is now so easy to switch, while comparing the market can pave the way to the impressive savings we all crave as we negotiate the financial rollercoaster many of us are on due to the cost of living crisis.

One area where you can make huge savings is your mortgage, especially considering mortgage costs are the biggest household expenditure on average and a debt with the longest term.

While we recommend comparing prices before you remortgage your property, using anonymous online comparison sites isn’t the answer. Here’s why hiring an independent mortgage advisor is a better idea…

Save time, stress and money

The average remortgaging timescale may be at least two months, with people advised to start remortgaging up to four months before their current deal comes to an end. But, finding the right deal for your circumstances and spearheading the application process requires a lot of effort.

With the help of an independent mortgage advisor, you can keep stress levels to a minimum and leave the very important job of remortgaging your home in capable hands. Your chosen mortgage broker will handle everything on your behalf – including the search for a new mortgage deal, any communications with the lender and all the paperwork – to keep the whole process running smoothly.

Benefit from expert insights

Our independent mortgage advisors have the knowledge to help you grab a great mortgage deal. They know the mortgage market better than anyone, and use this know-how to find and secure the right product for you.

Thanks to these industry insights, you can rest safe in the knowledge that the mortgage products recommended to you have been selected with your individual circumstances in mind. Our mortgage advisors simply won’t recommend deals that aren’t suitable, including those that you are unlikely to be approved for.

Access to specialist products

There may be mortgage deals that are only accessible by applying direct, but if your circumstances are far from average, seeking advice and support from a mortgage broker is recommended as The Times Money Mentor explains:

“Mortgage brokers also have access to specialist mortgage lenders that are authorised and regulated by the Financial Conduct Authority just like mainstream lenders. They may consider newly self-employed borrowers and those with blemishes on their credit files. If your circumstances have changed since you took out your last mortgage deal, a good adviser should be able to find you lender that is sympathetic to your needs.”

Here at The Mortgage Bureau, we specialise in tailoring the right remortgage solutions for our clients, giving them a whole market view to find the products that are right for their circumstances. Hiring an independent mortgage broker is the key to accessing a truly personalised service, and that’s one thing you won’t get when comparing online.

Whether you’re self-employed, your situation has changed since your last application, or you wish to raise additional capital through the release of equity, our advisors can help. Get started today right here.