Choosing a mortgage has never been easy, but in recent years the market has seen the introduction of many different types of mortgage deal. Gone are the days when the major decision you had to make was between a variable and a fixed rate. Now, every lender seems to have a number of different product, from offset mortgages that set your savings interest against your mortgage interest, to self-certification mortgages for the self-employed, cash backs, discounted rates, fixed rates, stepped fixed rates, etc. etc. etc.
A mortgage broker is a financial adviser with specialist knowledge of the mortgage market. They have access to special mortgage deals that won't be available directly from the lender and so should be able to get a better deal than a consumer doing their own mortgage research. They will also save you a great deal of time and energy.
Many firms now have a specialist department that takes enquiries by telephone or over the internet. An authorised adviser will then telephone to ask a number of questions (which takes about 15 minutes) to obtain more detailed information on your requirements and answer any questions that you may have. The research team will then search the whole of the market using state of the art technology to find the most appropriate deals for you. If you are happy with the quotations provided then they can handle your mortgage from application through to completion. Face to face meetings with advisors can be available or they can take care of everything using e-mail and telephone. The choice is yours.
For more information, you may wish to contact an IFA (Independent Financial Adviser) who will be able to take you through the options available to you and help you find a deal to suit your needs. Hanson Wealth Management would be happy to talk you through your options.
