IMB Blog

Why Choose An Independent Mortgage Broker?

One of the biggest ever purchases you will ever make is, buying a home. With that in mind it would probably a good idea to get mortgage advice either in person or online mortgage advice. Making sure you’re aware of the risks and the pitfalls of home ownership should be at the forefront of your mind. Understanding the sometimes-confusing world of mortgages is difficult for the most seasoned first-time buyer.

Trusting the independent mortgage broker and getting advice from them will benefit you rather than working and researching on your own because you will have a sounding board to bounce ideas off. Your mortgage broker should also be putting things in front of you in plain English. Helping you understand the terminology and paperwork that you will receive when you delve into the mortgage application process.

Why consult a mortgage broker?

Let us underline a few possible reasons as to why it is best to recruit a professional mortgage broker.

  1. A mortgage broker help and advise you

To save you from the toil of researching on the internet all day long and ringingaround all the banks, building societies and other lending institutions, they will be the ones to look for the deals which are best suited for you. In consequence, you get more free time to concentrate on your own work.

  1. A good mortgage brokerknows each lenders criteria

A professional mortgage broker is dealing with lots of lenders regularly. So, it is safe to say that they are well aware of the idea of which type of lender will accept applicants like yours and what criteria to set for improving the chances to get your application accepted. So to help you save time, effort and money.

  1. A mortgage broker will save your money

A broker can have access to all the best deals available in the market, thanks to professional expertise. They will bring out the exceptional offers available for you which may not be possible for you to get yourself. They could potentially have intermediary exclusive rates. These rates are only accessible if you use a qualifying mortgage intermediary.

  1. A mortgage brokeris worth their weight in gold.

Every mortgage worker is a trained professional who understands and also can explain it to you very well how the mortgage market works. You will feel more to be in power over here as after the advice they give you every decision will be yours to take.

  1. A mortgage broker has more access

Basically, every broker is may have access to more deals than you could potentially get if you went off on your own to look for your mortgage.

  1. A mortgage brokershould be there all the way through to completion

A broker will make the interface between you and the lender less difficult. Also, between the solicitor and the estate agent. Things will turn out to be easy and the process will keep going until your work is done.

When to see a mortgage advisor?

A mortgage advisor, typically known as an independent mortgage broker is a specialist who is informed about the depth knowledge of the market. It’s a good idea to start to talk to a number of them to get a good idea about what they will provide as art of their service.

  • When you have no idea how the mortgage system works and is not ready to deal with the banks or other heavy time consuming legal procedures.
  • They are able to test your availability of budget and wealth to make sure you are able to afford a mortgage.
  • They might have intermediary only deals offered by lenders.
  • They often fill out the paperwork instead of making you do the work. So, the application process will become faster.
  • They will only advise on mortgages which are suitable for you and ignore the ones which are beyond your capabilities.

In case you don’t get any advice from a professional the drawbacks you could face are:

  1. You will have to take charge of your own destiny as every of the home loan decisions will be yours.
  2. You may need to repay huge loans and there is no guarantee your loan taking application will be secured.
  3. You can get rejected by the lender because you lack ideas and are completely oblivious of the restrictions set.
  4. You may end up getting the wrong deal for not providing accurate information and not knowing the deal.
  5. You will have to face huge failure all by yourself as no one will be liable to compensate for your loss.

What to look for in your mortgage?

Stressed approximately the factors you need to preserve in thoughts whilst searching through a mortgage? Let us ease your step by step:

●     Be aware of your current financial situation: Earlier than thinking about preserving your possessions, determine your scenario and your desires. This may help you to choose the precise loan which suits you perfectly.
  • Compare different lenders and estimates: After you’ve got effectively accessed your wishes and capacity, begin purchasing for creditors. Seek out from your buddies or relatives and also inquire about special professional lenders who will agree to help you in a pleasant deal. Maintain evaluating till you get your favoured lender.
  • Deposit length: The better the deposit, the decrease the interest rate you are probable to get.
  • Workability: In preference to making weekly or monthly payments in instalments, seek if you may pay your mortgage in a big amount and store yourself some time and power


If you have any other doubts and want to be more assured before choosing your own independent mortgage broker, then give yourself the benefit of doubt and understanding the basic principles and advantages behind hiring your own professional mortgage broker would be the key. You will find every possible information available to soothe you to take the desired step. Also, it will provide sufficient knowledge in the journey of choosing one mortgage advisor for yourself.



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Based on our research, the content contained in this article is accurate as of most recent time of writing. Lender criteria and policies change regularly so speak to one of our Independent Mortgage Brokers to confirm the most accurate up to date information. The information on the site is not tailored advice to each individual reader, and as such does not constitute financial advice. All advisers working for or with Independent Mortgage Brokers are fully qualified to provide mortgage advice and authorised and regulated by the Financial Conduct Authority. All our independent Mortgage Brokers will offer advice specific to you and your needs and circumstances. Some types of buy to let mortgages are not regulated by the FCA. Think carefully before securing other debts against your home. As a mortgage is secured against your home, it may be repossessed if you do not keep up with repayments on your mortgage. Equity released from your home will also be secured against it.

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