Mortgage Brokers

Key Team Members – Mortgage Brokers

Choosing the right mortgage broker is going to be key to helping you find the best deal possible. 

Banks and lenders typically won’t be able to get access to as many mortgage packages as a mortgage broker.

And a good mortgage broker will take the time to talk you through all the available options.

With more choice, you are more likely to get a deal that best suits your circumstances.

When you approach a mortgage broker you need to consider the following:

  1. Are they an independent?
  2. Are there good reasons not to go to a broker? (For, instance because of a pre-existing relationship between an estate agent and a particular lender.)
  3. Are the broker’s clients mainly investors and landlords?

In terms of finding the best mortgage broker for you, nothing beats a personal referral or recommendation. 

However, you can also have a look for brokers who are members of trade bodies and associations.

Financial advisors may also be able to point you in the right direction.

Things you should find out and questions to ask:

  1. Do they cover the whole market?
  2. Where do they earn your fees?
  3. If they charge, during what stage of the process do they do so?
  4. Do they have experience of commercial finance?
  5. What products would they recommend for a buy-and-hold investment strategy?
  6. Do they have many investor and landlord clients?