What Does A Mortgage Broker Do?
- For over 20 years, we have helped clients across the UK save on their financing needs
- Access to over 90 lenders
- We have helped over 1000 property owners in UK
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What Does A Mortgage Broker Do?
Jahed Mirza introduces the company and talks about the role of a mortgage broker.
What does a mortgage broker do?
A mortgage broker acts as an intermediary between a client and the lender – the bank.
We help individuals and businesses secure the right mortgage products for their needs. We assess your financial situation, compare products from a wide range of lenders and guide you through the mortgage process – from initial application all the way to completion.
Our goal is to make the process as smooth and stress-free as possible and ensure you get the best deal available to you in the mortgage market.
What’s the difference between going to a mortgage broker like yourselves versus your local high street lender?
In my view the key difference is choice and expertise. A high street lender can only offer their own products, so they’re tied into what that lender has. That may not always be the most competitive or suitable for your circumstance.
A mortgage broker, on the other hand, has access to a vast range of lenders. We include specialist providers who cater to unique financial situations, such as the self-employed, people with credit issues, or investors looking for Buy to Let mortgages.
Additionally, we handle all the paperwork. We liaise with the lenders on your behalf and troubleshoot any issues that may arise within the mortgage application itself.
What services does a mortgage broker offer?
We work closely with estate agents, solicitors and surveyors. We ensure that when you’re speaking to a solicitor or an estate agent, any jargon is explained to you.
We keep all parties informed and resolve any issues that arise – for example, from a solicitor or from the estate agent. We work with the client to make sure that it’s a seamless process.
What is an Agreement in Principle? Can you help First Time Buyers and home movers get one?
An Agreement in Principle is basically a credit check, backed against the income that you’ve given us. It confirms you can get a certain amount of lending and that you pass the credit score or credit criteria with that specific lender.
It definitely helps First Time Buyers and home movers. We advise getting your credit checked first, and then doing an Agreement in Principle before you even go for a viewing. We can help you with that Agreement in Principle.
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Can you help with remortgaging, and if someone is looking into Buy to Let property?
As expert mortgage brokers, that’s a specific thing we do like to do – helping people remortgage for better rates and lowering their monthly outgoings. We can help you release equity in terms of a remortgage.
With Buy to Let mortgages, we help people build or expand their portfolio. We find the right tailored solution for your needs.
Can you advise on mortgage protection?
Definitely. That’s something we do, because it’s not just about getting a mortgage – it’s about protecting your investment. We provide advice on life insurance, critical illness cover and income protection to safeguard you and your family.
Do you also help with bridging and development finance?
Yes. This is something expert mortgage brokers do for clients needing short-term finance, whether you’re buying at an auction, you’re looking to develop properties or buy commercial premises.
We arrange specialist funding solutions with lenders you can’t find on the high street. That’s certainly something expert mortgage brokers will help you with.
When should I see a mortgage broker? At what stage in that process?
If you’re looking to buy a property, our advice is to see us as early as possible – even if it’s just to have a conversation to see where you are and which property to approach. Talk to us ideally before you even start viewing properties. This allows us to assess your affordability, secure that Agreement in Principle and ensure you’re well prepared for making an offer.
If you’re remortgaging or looking to do a Buy to Let, we recommend getting in touch at least six months before your current deal ends, to explore the best options for you.
Preparation is key. You’re making a financial agreement that could last 25 to 40 years, so make sure you’re well prepared before going into a mortgage.
Does it cost for an initial conversation with you?
Most mortgage brokers, including us, don’t charge for the first consultation. We offer that for free. It gives us a chance to understand your situation and explain how we can help.
Fees may be applicable after you go ahead with an application, but the first meeting with a mortgage broker is not a chargeable expense.
What else do we need to know about working with a mortgage broker?
Many people assume that getting a mortgage is just about securing the lowest rate, but there’s so much more to it. Factors like lender criteria, flexibility, fees, early repayment charges and service levels all play a crucial role in getting a mortgage.
A broker doesn’t just find you a mortgage. We structure the best long-term financial solution for you. So if you are considering buying, remortgaging or investing properly, always speak to a broker first.
Talk to us as early as possible – it could save you thousands in the long term.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH YOUR MORTGAGE REPAYMENTS.
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE MOST BUY TO LET MORTGAGES.
Why Should You Use Expert Mortgage Broker for Your Bridging Loan?
Here’s why you should use an expert broker for your bridging loan:
- Expert guidance
- FCA regulated lenders
- Competitive Rates
- Hassle Free