How to Find the Best Mortgage Broker
Buying property is no walk in the park. If you’re not a cash buyer, you need a great mortgage broker by your side. In this guide, we’re listing how to find the best mortgage broker so you can get your property dreams off the ground, and be fully supported throughout your buying journey.
Whole of Market
A Whole of Market, independent mortgage broker ensures you have access to more lenders. They’ll also have a broader range of mortgages on their books. A broker that has plenty of years in the industry will have built a rapport with their lenders, giving their clients access to exclusive deals.
Some Whole of Market brokers will also be able to find specialist mortgages which come with more flexible lending criteria. They’re designed for property buyers who don’t tick the conventional boxes, but who still want to own a home or commercial property of their own.
Choose local
It can also help to choose a broker that’s close to where you want to buy. They will know the local property market well and give tailored advice on what you’re likely to afford in the area. Remember to check the local reviews for their service. Are they frequently receiving top star ratings and glowing reviews? If yes, then you’re off to a good start.
Not a quick fix
When researching mortgage brokers, you’ll often see the words ‘best mortgage’ bandied around. But what does the ‘best deal’ really mean? It’s important to get a loan that’s tailored to you, with your current circumstances and future goals in mind. If you want to become mortgage free sooner, then going for the lowest monthly repayments may not be the most compatible option.
Agentis can help with this.
Personable service
The service should also be tailored to you. Have a busy 9-5 schedule? A great mortgage broker should be there for you, offering out of hours and virtual appointments. In other words, the service should suit you. We’ve all felt the frustration of having to take time off work for essential life appointments. But with the right mortgage broker, it doesn’t have to be like that.
Above all, you should feel supported and confident with your choice of loan. Complex terms and conditions should be packaged in a way that you can understand. No jargon!
Ongoing support
Securing a mortgage, especially if it’s your first one, can be an exciting milestone. The best mortgage brokers will carry on their support long after you’ve moved into your home. They will schedule regular mortgage reviews to ensure your current loan is still the most suitable.
It helps to combine mortgage and financial advice
Mortgage and financial advice often go hand in hand. It’s worth combining these services to streamline the process and help you iron out some of your financial issues. Don’t let a poor credit score stand in the way of your property ownership goals. A financial advisor can provide helpful tips and help you budget for every expense. Nothing will be left unaccounted for to ensure no unexpected bills land on your doormat.
In short, it pays to choose a brokerage offering holistic advice covering all areas of your finances such as Agentis. Speak to us today to book your initial consultation.
