How To Find a Good Mortgage Broker?

Finding a good mortgage broker is important. You’re entrusting them with one of the biggest financial commitments of your life after all. But with most brokers claiming they are the best, how can you truly know which broker is right for you and whether they’re any good? We’re offering our top tips to help you cut through the marketing noise and select the broker that’s right for you.

First things first, it’s important to know that when it comes to finding a good mortgage broker it’s not a one size fits all approach. It completely depends on what your circumstance is, what type of mortgage you’re after and what your preferences are when it comes to things like location and communication styles.

But, as a general rule, these are the key things to look out for to ensure you are choosing a good broker.

Look out for reviews and accreditations

One helpful way to discern whether a mortgage broker offers a good service includes looking out for customer ratings and reviews. If they consistently receive glowing 5-star ratings you’ll probably be in good hands. Checking for accreditations can also help demonstrate that the broker is adhering to the industry standard and offering a higher quality service.

Check their level of experience and qualifications

It’s not always about how ‘cheap’ a broker can make your mortgage. Customer service and expertise is an important consideration when choosing who to get advice from. That’s why it’s worth checking their background, including how many years’ experience they have in the field.

Communication is key

If you prefer to communicate face-to-face you may prefer to use a local mortgage broker who is happy to offer appointments. Alternatively, you may be more comfortable communicating via email and phone calls. In any case, you’ll want to find a broker that communicates the way you like at a time to suit you.

Are ‘Whole of Market’ the best mortgage brokers?

It depends. Technically, as ‘Whole of Market’ brokers are not tied to specific lenders they should be able to offer more deals. However, this doesn’t necessarily mean they have the best deal for your unique circumstances. That’s why it’s worth shopping around. But they are certainly more likely to find you a great mortgage match simply because they have more products to offer.

We hope this article will help you find a good mortgage broker who can help you with your property ventures.

If you’re searching for a ‘Whole of Market’ mortgage broker, Agentis have 80 years of combined mortgage industry experience to ensure you’re receiving the best advice and alongside a service that’s both professional and personable. Contact us today.