It’s not necessary to explain to you how finances have become more complicated in the last few months. How can a mortgage expert simplify your life?
Saving money has never been more crucial than it is now. It’s possible to think that one option to reduce expenses is to take off the mortgage consultant when you’re planning your next mortgage. But in reality it’s not something you’d like to do. Here’s why.
1. A mortgage advisor could help you save money, but not cost you a dime.
There are many ways that a mortgage adviser will save you money. Stay with the lender you have (or stay with your current bank) and it’s highly likely that you’ll get an interest rate that is far from being the most inexpensive available however, it also doesn’t fit your requirements.
2. A mortgage consultant can provide the appropriate mortgage to suit your needs.
The best mortgage for you may not be the best mortgage to the person we meet with. It’s possible that you want to lower your rate to lower it or longer. The ability to pay more in a timely manner without penalty could be crucial for you. It could also be important to enjoy a payment vacation.
There is a chance that you will require to get a mortgage that has lower deposits or one that will last longer than the “standard 25 years. You could be self-employed. You may be taking pension. Your credit score might be outstanding. But, it may not be.
Your personal circumstances will determine the most appropriate loan for your needs. Out of all the (roughly) 12000 UK mortgage options available today, only a small portion is suitable for your particular requirements. A mortgage professional can locate all the needles in the haystack as unlike banks, they aren’t tied to any one lender’s product that drastically limit their scope of view.
3. A mortgage professional can gain access to an offer that is less expensive
Cheapest isn’t always the most effective however, once they’ve assisted to narrow down your choices down to the top products available that are available They can help you locate the most affordable ones.
As we’ve previously discussed mortgage advisors are able to access deals that the public isn’t able to. In many cases, they are able to obtain deals from your banks or lenders that may be more favorable than that the deals you’re getting.
This shouldn’t stop you from conducting your own investigation (if there’s time) to determine the cheapest best offer. If you find one an idea, call us. We’ll normally be able improve it by offering an offer you won’t get access to.
4. A mortgage advisor Belfast saves you time
Sure, we’ll save your time by taking care of the work instead of you. However, it’s worthwhile having a look at how much it’s worth your time. With the current economic climate threatening many people at the moment and in the past, that it’s never been more crucial to be in a position to delegate the task of the search for the next loan to another person.
5. A mortgage advisor can help protect your credit score
The mortgage advisors are able to identify the lenders that are most likely offer loans to. This will save you time, but the result is far more significant than the difference.
The more credit-related searches you do the more likely you’re to be denied credit or turned down for the best deals. Therefore, having someone who can assist you in locating the lender that will say “yes first time can be essential.
6. A mortgage adviser will not be able to charge you any fee
Some mortgages that are offered through mortgage advisors are not charged for homeowners. This means that the lender is paying our fee and not you. However, even if there is fees, you may discover that the amount you can save in terms of stress, time and long-term costs associated with the mortgage – make any fee just a small drop.
It’s the reason it’s important to consult with an professional. In order to determine the most suitable mortgage or remortgage option for you, contact us.
