5 FANTASTIC REASONS TO WORK WITH A MORTGAGE BROKER

While you can take out a mortgage without the support of a mortgage broker, their help can be invaluable.

Whether you’re a first-time buyer, moving home or remortgaging, a broker can help you understand all your options and could help you save money. Here are five reasons to choose an independent broker. How could a mortgage broker help you?

1. A mortgage broker will search the market with your needs in mind: There are many mortgage lenders available, and some don’t have a high street presence. If you’re applying for a mortgage alone, it can be difficult and time-consuming to go through all your options and understand the criteria of each provider. If you work with a mortgage broker, they’ll help you find the right deal for you. In some cases, a mortgage broker may also be able to access a better rate of interest than you would receive if you applied alone.

2. They can explain the different mortgage options to you: There are several different types of mortgages you’ll need to consider – do you want a repayment or interest-only mortgage? Would you prefer the interest rate to be fixed or variable? A mortgage broker can explain the different options available to you. Tailored advice means you can understand how your decisions will affect your finances now and in the future.

3. A mortgage broker can provide support throughout the application process: Applying for a new mortgage can seem complex. A mortgage broker will work with you throughout the process, such as checking your paperwork to avoid any mistakes. It can make the process smoother and mean if you have any questions, there’s someone you can speak to.

4. They can offer guidance about financial protection: As well as helping you with your mortgage needs, a mortgage broker can also offer guidance about financial protection. Financial protection can provide you with a safety net when you need it most. Depending on the type of protection you pick, it may pay out if you’re unable to work due to illness or provide a lump sum if you or your partner passes away.

5. A mortgage broker can help you secure a new deal when your current one ends: Often, you’ll need to take out a new mortgage when your current deal ends to access the lowest interest rates available. When your mortgage deal ends, you will usually be moved on to your lender’s standard variable rate, which often isn’t competitive. It could mean you’re paying a higher rate of interest than you need to.

Please contact us on 01273 774855 or email advice@pembrokefs.co.uk if you would like more information and quote reference PFSVL.

T. 01273 774855

E. advice@pembrokefs.co.uk

W. www.pembrokefinancial.co.uk

Keith Relf & Keith Bonner - Managing Partners

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