Why You Should Use a Mortgage Advisor

illustration of Why You Should Use a Mortgage Advisor

There's more to choosing the right mortgage than just comparing products online or asking your bank. Some offers might appear to be great on the face of it, but knowing which mortgages will actually meet your needs is a real skill.


That's where mortgage brokers come in. A broker takes the time to get to know your personal needs, and can compare hundreds of different mortgages that you wouldn't have access to if you were going it alone.

They’re regulated

To work in the UK, mortgage brokers have to be regulated by the Financial Conduct Authority (FCA). They have a duty of care to ensure that you get the best deal possible and that you don’t get a mortgage you can’t afford. This is a legal requirement. 

They know the market

Price comparison sites are great for doing some initial research, but they can’t match the knowledge of an expert advisor. Brokers live and breathe the mortgage market - they’re experts who are doing it every day. They know when new mortgages come on the market, when lenders change their criteria, and if there’s particular offers to be had. 

If you use what’s called a ‘whole of market’ broker, they’ll have access to all the mortgages available on the market. Brokers live and breathe the mortgage world

Around 50% of the mortgages on the market aren’t available directly to you as a borrower? They won’t come up in your online searches, and your high street bank isn’t likely to tell you about them. 

These mortgages - which are often ideal for people in complex situations such as bad credit history or self-employment - are only available through mortgage brokers. So it’s best not to limit your selection by working alone.

A broker can cut through the noise and find the best mortgage for your unique situation. Get started.

They save you time

Finding the right mortgage can take a long time when doing it alone. Wading through comparison sites can get old pretty quickly, and you’ve then got to weigh up the pros and cons of the deals you find.

A mortgage broker will take the time at the start to get to know your unique situation, and will carefully research which mortgage is the best to meet your needs. They’ll think of things you hadn’t even considered before - like whether you can make overpayments or if you’ll get a penalty for paying off your mortgage early. They’ll explain everything so you understand.

They’ll be busy working for you while you focus on other things.

They understand mortgage lenders

It’s not what you know, it’s who you know, right? Brokers work with mortgage lenders every day, and they build solid relationships which can be really beneficial for your application. 

They’ll have the experience to know which mortgage lenders have what requirements. From this, they’ll know which lenders are most likely to accept you. It’s especially important if you have bad credit or a complex income - they’ll be able to look at bespoke mortgages from specialist lenders. 

Brokers can provide a human element to your application, explaining your personal situation to mortgage underwriters, and fighting your corner if anything gets tricky. 

They’ll find the best deal for YOU

If your broker doesn’t recommend a suitable mortgage and can’t justify why they’ve recommended that particular mortgage to you, then you can complain and claim compensation. So it’s very much in their interest to find you the right mortgage for you, at the best rate. 

Your home is probably the biggest purchase you’ll ever make, so it makes sense to get the right advice. It can also be a really stressful time, and having someone who’s done it many times before can be a huge comfort. Get matched to your ideal broker. 

They’ll be there again

When you work with a mortgage broker, you’re building the foundation for a future relationship. When the time comes to remortgage, you’ll have someone there who already knows you and will be able to help you again. 

If your situation’s changed then it’s not a problem either, a good broker will know how to handle complex situations. The brokers we work with aren’t afraid of a challenge - tricky situations is all we do! Get started.

WE MAKE MORTGAGES POSSIBLE

Over 50% of mortgages for people who are self-employed or have bad credit aren’t available directly to you. They’re only available through specialist brokers. Using our platform guarantees you’ll be matched with a broker who has a proven track record of making mortgages possible for people like you. Less processing, more understanding.

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Our guides

Applying for a mortgage or understanding your options shouldn't be confusing, yet there are just so many myths doing the rounds and it's not easy to know where to turn to get the right advice.

Our Calculators

Our calculators give you an idea of what you might be able to borrow, what's affordable and a rough estimate of the kind of property prices you can start to look at.

Talk to our Mortgage Experts to find out your options

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