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Top Advantages Of Using A Belfast Mortgage Advisor

The mortgage is the biggest financial commitment that the majority of us ever make, however they can be a bit complicated. With a myriad of options readily available, it can be difficult to choose the best deal to meet your needs.

This is where the professional mortgage brokers can help. They can help you find the most appropriate and competitive mortgage to suit your needs. They also make it easier to get an offer and make the process as simple and fast as is possible.

This is why you should think about hiring a broker to assist you through the maze of mortgages.

Advice from the entire market A mortgage broker looks for the most suitable mortgage to suit your needs from all over the market. If you directly approach an individual lender for the credit, then you’ll likely be restricted to their own offers which might or might not be most suitable for your needs. A broker can provide guidance tailored to meet your individual requirements, and isn’t dependent on a specific provider.

Fully licensed and regulated: Brokers require professional certification to offer mortgage advice. Additionally, they are regulated by law from the Financial Conduct Authority. This offers you assurances that they’ve successfully passed the required mortgage tests for the purpose of practicing. They’ll treat you with respect and will offer the mortgage they believe is best suited to your needs. You also have the right to get a redressal from the Financial Ombudsman Service if you are unhappy with their recommendation.

Exclusive products available to brokers: Brokers have the ability to gain access to mortgages that might not be accessible directly to you. Certain lenders offer their services through brokers and do not deal directly with the general public. The products they offer may be more appropriate to your needs and through a broker to learn more about the products.

Knowledge of the market is one thing. It’s another to discover that most competitive loan however that’s only half the tale. A mortgage advisor Belfast can tell you the mortgages you’ll be able to obtain and which lenders might deny your application. They can help you get the right answer on the first go, something that can possibly make or break your purchase of a property. Also, they know what lenders can speedily process mortgage applications and those that are currently experiencing issues with service.

Fee-free or fee-free: The majority of banks pay their brokers a portion of the amount of the loan, known as the procuration fee, once the mortgage is completed. It is essentially a commission to your broker to introduce you as a potential customer to the lender or bank that offers you with a mortgage. Some brokers offer advice or helping arrange the mortgage, and the price will differ. There is the possibility of being charged an amount that is fixed, for example, PS250 or a percentage of the loan like 1%, for example. The amount of the charge could depend on the level of complexity of the application. You might have to pay the fee in advance after you have received the mortgage proposal from the lender, or upon the completion the purchase. Brokers will send you their terms of business typically at the initial point of contact. These terms will detail their charges and the dates they are due so that you are able to make an informed choice.

Easy and stress-free process: Applying for an mortgage or buying homes can be a bit of a hassle with a myriad of forms to fill in and various parties to pursue. A broker handles the work for you, alleviating the burden, assisting you to fill in the forms and then preparing your case to ensure it can be approved the first time. They stay at the forefront of the entire process, staying contact with the lender as well as coordinating with solicitors when required.

Needs of a specialist If you’re self-employed, have a seasonal income, or have an history of poor credit, you might be unable to obtain an affordable mortgage on the main street. A broker can access more specialists and is experienced in aiding those who are not eligible for the main market. Specialized lenders, like Aldermore know that life sometimes gets unexpectedly in the way of most well-planned plans and that you may be rejected from a traditional lender due to an error of the individual. Our highly experienced underwriters evaluate each application on its own and consider the larger picture in case the circumstances you are facing are unique.

Available all times Brokers often make themselves accessible to you at any time of your convenience during evenings and weekends, or during the lunch hour. They can be reached however you like via telephone, by social media, video or email. This flexibility differentiates brokers from traditional banks as well as building societies.

More financial advice Brokers usually specialize in other financial services, so they can take a broader review of your financial situation and not just deal in relation to your mortgage. For instance, a broker can help you set up the necessary buildings insurance, which would require your mortgage lender and can also discuss life insurance as well as other kinds of protection that could be appropriate for your needs. They can help you to find the house that you’ve always wanted, but can suggest insurance that will ensure you can keep it, no matter what circumstances come your way.

Be loyal to you: In the event that your circumstances change , your mortgage broker will be ready to help you evaluate your options. They typically contact you prior to your deal expiring to determine what they can do to help you get an improved mortgage. A broker is looking to retain your business for the long haul and wants clients to refer them to your friends and your family. Therefore, they will always take care to protect your interests and will be loyal to you as their customer.