In all the years that we’ve been in business, perhaps the question we hear most of all is ‘why should I use a mortgage broker?’.
Even now, in 2023, which is arguably the year when the benefits of using a mortgage broker have never been clearer, there can be confusion about exactly what it is mortgage brokers do and the value they add to the mortgage application process.
So, as a Maidenhead mortgage broker that’s been helping people get a mortgage in Berkshire since 2005, here are our top three reasons to use a mortgage broker.
- Time is of the essence
If there’s one thing you can’t get back, it’s time. So why would you waste it. Our team of Maidenhead mortgage advisers wouldn’t spend time trying to work on their own teeth or service their own car; they leave it to the experts. The same principle applies to getting a mortgage, too. Mortgage brokers are the experts at… well, getting people a mortgage. By entrusting a mortgage broker to get a mortgage on your behalf, you’re saving yourself a lot of time. Sometimes, trying to do something yourself can be a false economy. We think that applying for a mortgage without a mortgage broker is one of those examples.
2. Skills gap
Sticking with the car servicing analogy, then. Let’s say you give it a go yourself but the outcome isn’t what you’d hoped for – and it’s certainly not the work of a professional. In this instance, you’re either going to make do with something that isn’t quite right (in this context, a bad mortgage deal) – or give in and visit the garage for a proper job anyway. Using a mortgage broker is no different. Good mortgage brokers have the skills, the qualifications and the knowhow to get you the best result every time.
3. Spoilt for choice
As a mortgage broker in Maidenhead, we have access to a wide panel of lenders, many of which offer mortgage brokers exclusive deals that simply aren’t available on the high street. If you apply for a mortgage on your own, you have to go through the same process each time for each lender. When using a mortgage broker, you go through the application process once and then it’s the mortgage adviser’s responsibility to liaise with the multiple lenders in order to get you the best mortgage deal. Mortgage brokers have access to a panel of lenders and a comprehensive suite of mortgage products that you just won’t have if you go it alone.
When it comes to applying for a mortgage, there are countless pitfalls and hazards to avoid. As Maidenhead mortgage advisers we know exactly where they are. And, not only will you save time by sidestepping them, but also avoiding them could be the difference between getting a mortgage and not getting a mortgage.
For mortgage advice in Maidenhead or to speak with our team of highly qualified, expertly trained and fully regulated Berkshire mortgage brokers, contact us on 01628 560820 or email enquiries@altonmortgages.co.uk.