The 8 Benefits of Getting a Mortgage Via a Mortgage Advisor in England

So, you’re looking for cheap mortgage quotes to help you buy a property in Newquay (England), but with so many mortgage lenders and mortgage companies out there, it can be hard to know where to start. Or, perhaps you feel it’s okay to do without a mortgage broker because you’re focused on trying to save money. After all, there are several expenses involved with moving and buying a home or remortgaging. But trying to do without a mortgage advisor would be a mistake as mortgage broker benefits are clear.

 

Using a mortgage broker not only makes sound financial sense but will provide you with all sorts of vital help. They will:

 

1. Save you Money

A mortgage advisor will scour the available mortgages for you and check out the best deals. This isn’t just a case of searching for the cheapest tracker mortgage or the lowest mortgage rates. A skilled mortgage advisor can look beyond the mortgage interest rates to consider all the other charges that will apply. Because what may look like cheap loans to you may not be that competitive when every fee and condition is taken into account.

 

2. Save you Time

You only need one application with a mortgage agent, rather than completing documents for each lender. Your mortgage advisor can provide a formal comparison of any loans recommended, guiding you to the information that accurately portrays cost differences, with current rates, points, and closing costs for each loan reflected.

 

3. Offer you Access to a Broader Range of Plans

If you go directly to mortgage lenders, you’ll only see what they have to offer, which will likely be a fairly limited mortgage product range. A mortgage advisor will have a much better idea of what’s available to you from a wide variety of mortgage lenders.

 

4. Give you Expert Financial Advice

Mortgage advisors have to be qualified to help you find a mortgage and give you financial advice. They also have to provide you with the best advice they can, rather than push the option to give them the most commission.

 

5. Take Care of the Application Paperwork.

The world of mortgage lending is full of tedious and jargon paperwork, but the experts will take care of all that hard work for you. They’ll prefill your mortgage documents for you so your new loan approval process can go as smoothly as possible. You’ll probably only be asked to provide a few papers and provide a few signatures. A good advisor will do practically everything for you so you can concentrate on the move itself.

 

6. Handle the Issues and Whole Process

A mortgage advisor navigates the client through any situation, handling the whole process and smoothing any bumps in the road along the way. For example, if borrowers have credit issues, the advisor will know which lenders offer the best services to meet their needs. Borrowers who find they need larger mortgages than their bank will also benefit from an advisor’s knowledge and ability to obtain financing successfully.

 

7. Know Which Lenders will Proceed your Application Fast

Although a mortgage loan process should never be rushed, sometimes speed is of the essence. Because mortgage advisors deal with mortgage providers all the time, they know which provider to go to if needed readily and how to make sure the application is processed smoothly and with minimum chance of a delay.

 

8. Have the Experience Needed to Chase up your Application

There’s a fine art to getting a mortgage application processed. You need to know how to prevent delays and when, where, and who to call with prompt information or encouragement to speed things up without inadvertently causing delays and further issues.

Cheap Mortgage Quotes will put you in touch with a mortgage expert who will provide you with a free initial consultation and will always explain exactly what you will be charged before you decide to proceed with an application.