Whether you’re buying a property or just remortgaging, mortgage advice can be a great help. Taking advice can make the difference between a successful mortgage application and being rejected. It may also lead to a better deal, potentially saving you thousands of pounds over the mortgage term.
Not only are you getting an expert who can find a good deal, but you’re getting someone who will assess your needs and make a recommendation that is right for you financially. A good broker will also look beyond the best rate and take any applicable fees into account. They’ll work directly with you to help you decide what kind of mortgage you need, and then find a deal that matches your criteria – whether you’re a first-time buyer, moving home or looking to remortgage your current home.
As well as assessing your income, mortgage lenders will also look at your spending habits. They are likely to want to see three to six months’ worth of bank statements, which will give them an idea of how much of a mortgage you are able to afford. They will look at how much you spend on regular household bills and other costs, such as commuting and childcare fees.
They will then help navigate you through every stage of finding and applying for a mortgage – to get the best deal available based on your individual circumstances.
For example, their service may include:
- Helping you assess your financial situation
- Suggest the most suitable mortgage for your needs
- Searching the market to find deals that match your criteria
With a mortgage broker, you will receive advice that is specific to your needs. You will have access to a wider range of lenders and products than if you were acting alone, and will see the best rates available on the market. All of which gives you the choice to go with the option that best suits your requirements.
Here at Wealth Generation, we don’t charge a fee for our mortgage broking services, so if you need some advice then please contact us.
