The Benefits of Mortgage Advice

Finding the perfect home and preparing to move can be an exciting yet daunting experience. Even for the most seasoned of homeowners, many questions and uncertainties arise during this process. Seeking advice from professional experts can offer more than just competitive interest rates - it can help you move forward in your homebuying journey with confidence and clarity.

When it comes to getting a mortgage, some choose to go straight to their existing bank or building society. After all, we know our banks and trust them with our money. However, while this route can have its benefits, it could limit your options.

Turning to a dedicated mortgage expert can unlock many more options from across the market, increasing the chances of finding a product that fits your needs and circumstances far better.

An adviser will take the time to understand your situation and goals before searching the market for you. Walking you through the initial stages, our advisers can explain what research you must conduct, help you budget for your deposit, identify suitable deals, and process your mortgage application.

They’ll also provide guidance on various sorts of mortgage products, assisting you with everything from getting your finances in order all the way through to the day you pick up your keys - and even after that.

Taking the stress out of mortgages

One of the biggest benefits of seeking expert guidance from a mortgage adviser at Mortgage Advice Bureau is cutting down on the hassle of finding the right deal for you. Instead of sifting through the options yourself, an adviser will review a variety of suitable mortgage deals from various lenders, tailoring their search to your specific needs and circumstances.

By taking the time to understand your unique requirements, our expert advisers can identify lenders who are more likely to approve your application. Not all banks, building societies, and mortgage providers cater to all borrowers or property types, so having an expert navigate this landscape increases your chances of securing a mortgage.

At Mortgage Advice Bureau, we can explore over 2,000 products from 90 lenders to find the right product for you. We work with estate agents, like Manning Stainton, to make the process even smoother, finding the right deal for you and the property you want.

There are those of us who have less-than-ideal financial circumstances, such as poor credit, who may find it difficult to secure a mortgage through a more traditional method such as a bank or building society. Whether you need specialist lending or not, an experienced adviser will keep up-to-date with the latest news and updates, identifying new products that could fit with your financial situation.

Beyond finding the right deal, our advisers will also handle the complexities of the application process. This includes dealing with conveyancers, solicitors, and other paperwork. It’s all part of making the journey to your new home a smoother, less stressful experience. By keeping you informed throughout the process and being readily available to answer your questions, an adviser provides valuable support every step of the way.

More than just mortgage advice

Taking on a mortgage, regardless of whether it's your first or your next, is a big thing to take on. Because of this, exploring protection insurance options is an important step to consider - both to keep yourself and your loved ones safe, and for valuable peace of mind.

While it’s necessary to take out buildings and contents insurance when purchasing a house, it's worth thinking about getting life insurance and critical illness insurance to ensure that you have a roof over your head, no matter what.

Sorting these things out on your own, while still handling a mortgage application, might feel like an extra weight on your shoulders. Luckily, an expert mortgage adviser can provide information on mortgage protection insurance and help you find the right policy for you and your family - allowing you to focus on planning for the purchase of a new property.

Working around you

Our expert advisers will fit around your diary, offering flexible appointment times around your working hours. Even if you might be working long hours and staying busy for the majority of the day, you'll always be able to move the process along and take another step towards homeownership.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.