Do you need a mortgage broker?
January 5, 2023

Whether you’re getting on the ladder or buying your forever home, finding the right mortgage advice is vital when purchasing a property in Birmingham. Using a mortgage broker could be right for you if you’re in a complex financial position or do not have the time to research the whole of the mortgage market. Consequently, you could end up with a better deal by using a mortgage adviser, saving you money over the life of your mortgage.


What is a mortgage broker?


A mortgage broker finds the most appropriate deal to fit your financial situation. A broker will do the hard work of researching available deals across the entire market. As a result, they could unearth deals you’d never otherwise access. And typically, using a mortgage broker will increase your chances of finding and being accepted for a mortgage.

Look for mortgage services with access to the most comprehensive range of deals. Tied mortgage advisers may only have access to a narrow range of products or lenders.


Should I use a mortgage broker?


Using a mortgage broker is an excellent way to get value for first-time buyers, who have never been involved in a property transaction before. But sound mortgage advice can be helpful whatever your buying situation, even if you’re self-employed or freelancing.

You might need a buy-to-let mortgage, for instance. Equally, you may be looking to remortgage an existing property, or you may wish to support the next generation to get on the property ladder. Mortgage advice can help you get better mortgage deals or access the value of your home, whatever your circumstances.


The advantages of using a mortgage broker


As a whole-of-market broker, we can help you navigate the different types of mortgages available. Finding the right mortgage can be daunting. Using a broker means you can be confident of ending up with the right mortgage for your financial and personal circumstances.


But there are other advantages to using a mortgage broker:

  • They know the market and have access to mortgage products and deals you cannot access yourself.
  • A broker ensures that you meet the lending and affordability criteria.
  • You’ll receive a clear overview of the costs and features included in your mortgage offer.
  • Mortgage brokers act as your advocates to enhance your chances of securing a mortgage
  • Your broker will help with paperwork, so your application can be handled faster.


Finding the right mortgage broker


Before choosing a mortgage broker, check whether they cover the whole market or whether they are tied to certain lenders.
At your first meeting, find out what services they provide, for example, whether they’ll chase up lenders and solicitors, as well as handle your paperwork. At Kind Wealth, for example, we pride ourselves on delivering a full end-to-end service and will always liaise with all parties in the transaction to support you throughout the whole process.

If your broker recommends a particular deal, it’s also beneficial to ask them for a detailed explanation of why this is the best fit for you.

A good adviser will also offer valuable tips and guidance on home-buying. And that support can be invaluable to minimise the stress of purchasing a property.


Mortgage services from Kind Wealth


At Kind Wealth, we offer mortgage advice designed for a seamless buying experience. We’ll find the right mortgage for your needs and manage the application process from start to finish, minimising the stress associated with buying your home.

We offer a flexible range of services designed to help you keep pace with the ever-changing world of mortgage advice. So, whether you are looking to buy your first home, expand your buy-to-let portfolio, remortgage, or help younger generations of the family step onto the property ladder, Kind Wealth can help you save time and money when you purchase your next property.

To find out more about our mortgage services, contact us today.

Please note

Your home may be repossessed if you do not keep up repayments on your mortgage.

Some Buy-to-Let mortgages are not regulated by the Financial Conduct Authority.

Approver Quilter Financial Services Limited & Quilter Mortgage Planning Limited (16/01/2023).


Download your FREE guide on 'borrowing to buy your new home' here!

Whether you’re looking to buy your very first home or are a seasoned mover, we’re confident you’ll find this guide valuable. Subscribe for regular tips from our team and get instant access to our FREE guide on borrowing to buy your new home. We respect your privacy and promise not to spam you, unsubscribe at any time. View our Privacy Policy here.

You have successfully subscribed! Please check your inbox for your FREE download!