Purchasing or remortgaging your home can be stressful and sometimes overwhelming. We explain how to reduce that stress and access the advice, support, and confidence you need to make the best property finance decisions.
Whether you’re a first-time buyer, purchasing your dream home, or looking to remortgage, working with a mortgage broker is the best way to source your mortgage. Below, we look at the six reasons to use a broker for your home mortgage:
1. Have your questions answered
The homebuying and remortgaging process can feel overwhelming, and it’s often considered one of the most stressful things you can do. By working with us, we can talk through your plans and ensure we find you the best mortgage option to suit your needs.
If you’re a first-time buyer, knowing where to start with your mortgage application is often daunting, and it’s expected to have many questions. Working with a broker means you have a qualified professional there to answer your questions and take the time to help you understand the ins and outs of the mortgage application process, the different rate options available to you, and, of course, the costs.
Even if you’re already a homeowner, remortgaging or buying a new property isn’t something you do every day, so it’s understandable if you want advice and assistance with your application. Your broker can help you calculate the cost of your next mortgage and give you the financial clarity you need to figure out your next steps.
Wherever you are in the homebuying stage, we’re here to make it all make sense.
2. We’re experienced with complex cases
One of the main benefits of working with a broker is you can rely on their knowledge and experience within the market. If your application is more complex, whether because of your employment history, the property in question, or your financial situation, our brokers have the experience to help.
Income and affordability are common concerns with homebuyer clients, so we can look at ways to help you navigate these challenges. From gifted deposits, self-employed clients, and applicants with multiple income streams, we can advise you on your best next steps.
3. You can trust us
We pride ourselves on our integrity. Our advice is always unbiased and in your best interest, so you can rest assured that your mortgage is in good hands. We’re here to support you, answer any questions, and find the right deal for you.
Let us handle the stress and paperwork so you can focus on the more fun parts that come with moving house!
4. Find the best mortgage deal on the market
The most important factor for us is ensuring we find the best mortgage deal on the market to suit your needs. As an independent whole-of-market broker, we’re not restricted to specific lenders; we can search all deals available to find the right mortgage for you.
Furthermore, we can compare prices and products and provide a clear breakdown of the total mortgage costs and details to help you make the right decision.
Our expertise and experience in the market means we have relationships with some of the key lenders, and we sometimes get access to exclusive and limited-edition deals that cannot be found on the open market. By working with MFB, you can be confident that you’ve secured the best rate possible.
5. Support with your application
One of the benefits of choosing MFB as your mortgage broker is the support we offer with your mortgage application. Our deep understanding of the mortgage market allows us to anticipate what lenders will look for in your application. Your broker will advise you on documents your lender will want to see and carefully review your entire application before submission. This way, if there are any missing or incorrect details, we can quickly rectify them, saving you valuable time and money in the process.
6. We’re here for you every step of the way
From your initial enquiry and our first conversation right through to completion, our dedicated team of professionals are here to help. As our client, you benefit from a dedicated mortgage broker and client relationship manager, giving you two points of contact who thoroughly understand the details of your application.
It’s our job to get you the updates you need from your lender and solicitor, and we’ll make sure everything is submitted in time and see you through to completion.
But it doesn't stop there. Our bespoke partnerships mean MFB can help you with all aspects of your purchase and remortgage process, such as sourcing conveyancing quotes, specialist property reports, life insurance, buildings insurance, and more. Explore our full list of other services here.
Let’s get started!
Use our calculator here to see how much you could borrow on your home mortgage.
To learn more about how we can help, visit our homebuyer page here. Get in touch with one of our homebuyer mortgage makers on 0345 345 6788 or by submitting an enquiry here.
