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Why you should use a mortgage adviser.

Updated: Aug 21, 2023

Why you should use a mortgage adviser

Ready to start looking for a mortgage and not sure where to start? Let us guide you. We have access to deals that aren't always available on the high street.

Key takeaways

· An independent broker will have access to all mortgages across the entire market. · They will have access to exclusive deals. · Your application is more likely to be successful when you go through a mortgage adviser. · A broker will be helpful if you are self-employed or wish to buy an unusual property.

In the past when you needed a mortgage to buy a new flat or house, you might have popped into your local bank for a chat.

These days, many people seek help from independent mortgage advisors instead.

There are hundreds of mortgages available. And some products you'll pass the affordability checks for, while others you may not. So how do you get started?

To help you navigate it all, a broker can be a beacon of light guiding you through the mortgage maze.

An independent broker will help you find the best mortgage for you by looking at all of the different deals available.

They'll look into the real costs of different mortgages, by working out how much you'll pay back over the term of the mortgage in interest, and all of the fees involved.

Bear in mind that many of the cheapest mortgage rates can come with the highest set-up fees, so it's not always easy to work out which deal is the cheapest.

Brokers will also look into the likelihood of your application being accepted. That prevents you wasting time and money with mortgage applications you're unlikely to succeed with.

A mortgage broker will take you through the whole mortgage process, which can be especially useful if you're a first-time buyer.

And they'll scour the market to find the best deal tailored to your personal circumstances.

They'll have access to exclusive deals, which may not be available on the high street.

And they're dab hands at finding solutions when you don't quite fit the mould of a standard buyer.

That could be if you're self-employed or have erratic earnings for example, or going through a divorce and need to buy a second home to live in.

A broker can also help if you're looking for interest-only deals or want to borrow into your retirement.

If affordability is a bit tight, a broker will know which mortgage lenders are more likely to approve your application.

They can also help you if you're buying a less conventional property, such as a flat over a shop or a home built using unusual materials.

In short, they're highly experienced at applying for mortgages on behalf of those with more complex situations.

At Gerard Savary Mortgages, we are an independent mortgage advice firm committed to putting your needs first. That's why our team of experienced professionals is here to guide you through the complex world of mortgages, offering expert advice tailored to your unique financial situation.

Whether you're a first-time buyer, a homeowner looking to remortgage, or interested in buy-to-let properties, we have the knowledge and expertise to help you make informed decisions. At Gerard Savary Mortgages, we pride ourselves on our personalised approach, ensuring that you receive the best mortgage solutions that align with your goals and aspirations.

Trust us to navigate the mortgage market on your behalf and let us empower you to achieve your homeownership dreams.


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