Why use a Mortgage Broker?

November 15, 2023

ReviewsWe are Newhomes, your friendly and professional mortgage broker.

We know that getting a mortgage can be a daunting and confusing process. There are so many options and factors to consider, such as interest rates, fees, terms, features, and benefits. How do you know which one is right for you?

That’s where we come in. We are a leading mortgage broker in the UK, with over 27 years of experience and thousands of happy customers.

We can help you find the perfect mortgage for your dream home and make the process as easy and hassle-free as possible.

Here are our top 10 reasons why you should choose us as your mortgage broker:

1. More choice

When you go directly to a Bank or building societies they can only offer a limited selection of products and rates.

Working with us, you have access to 72 lenders with a broader range of options, including some fantastic deals not available to the general public.

2. Expert advice

Getting a mortgage is a big decision, and you want to make sure you get it right. We can provide you with expert advice on the different types of mortgages, such as fixed, variable, tracker, offset, etc.

We can also explain the terms and conditions of each mortgage, such as the fees, penalties, features, and benefits.

We can help you understand the pros and cons of each option and recommend the most suitable product for you.

3. Save time and hassle

Applying for a mortgage can be time-consuming and stressful. You have to fill out forms, provide documents, and deal with lenders. We can take care of all the paperwork and legwork for you, so you don’t have to.

We can also liaise with the lenders, solicitors, and estate agents on your behalf and keep you updated on the progress of your application.

4. Expert insurance guidance

Mortgage brokers go beyond securing your mortgage; we can also assist you in safeguarding your financial future and protecting your home.

We can help you navigate the complexities of insurance options, such as building, contents, and protection insurance, so you can find the right policies that align with your needs and budget.

5. Peace of mind

Buying a home is one of the most important and exciting decisions you’ll ever make, but it can also be stressful and nerve-wracking. Working with us can give you peace of mind knowing that you’re in safe hands.

We’ll guide you through the entire process and answer any questions you have along the way. We’ll also make sure that you meet all the legal and regulatory requirements and that you don’t miss any deadlines or details.

6. Flexibility

Everyone’s situation is different, and so are their mortgage needs. We are flexible and can cater to your specific needs and preferences, finding the suitable deal for you.

Whether you are a first-time buyer, a home mover, remortgaging, a buy-to-let investor, or a self-employed borrower, we can find a mortgage that suits your situation. We can also help you with special circumstances, such as bad credit, low income, or complex income sources.

7. Trust

We are not just a one-time service provider, but a long-term partner. We can build a long-term relationship with you based on trust and honesty, providing a sense of certainty and great advice.

We can help you with your future mortgage needs, such as renewing your deal, switching lenders, or borrowing more money from different lenders. We can also keep you informed of any changes in the whole UK market or your circumstances that may affect your mortgage.

8. Education

We can help you understand the mortgage process and make informed decisions. We can give you tips and advice on how to improve your credit score, budget your finances, save for a deposit, and prepare for homeownership. We can also educate you on the different aspects of the mortgage market, such as interest rates, inflation, affordability, and risk.

We can provide valuable mortgage advice to help you become a savvy and confident homebuyer, starting with finding the right first mortgage for your situation.

As an intermediary between you and potential lenders, we can ensure that you find a mortgage deal that suits your needs and situation appropriately.

9. Satisfaction

We can help you achieve your homeownership goals and dreams by taking care of all the hard work for you. We can make the mortgage process easier, faster, and more enjoyable for you.

We can also help you avoid any pitfalls or problems that may arise during the application process.

We can ensure that you get the best possible outcome and that you are happy with your mortgage.

10. Cost-effectiveness

We can help you save money on your mortgage in several ways. We could help you find a lower interest rate, a shorter term, a lower monthly payment, or a lower overall cost.

We can also help you save money on other related costs, such as insurance, conveyancing, surveys, and valuation.

So, are you ready to start your homebuying journey? Get in touch with us today and see how we can help you find the perfect mortgage for you.

Mortgage Broker FAQs

What is a mortgage broker and what can they do for me?

Imagine having a personal mortgage expert by your side, guiding you through the maze of mortgage options and finding the perfect match for your needs. That’s what a mortgage broker does.

At Newhomes we will:

Shop around for you: Accessing a vast network of lenders can compare hundreds of mortgages to find the most suitable rates and terms for your situation.
Unravel the mortgage jargon: We can explain the different types of mortgages, their terms, and conditions, so you make informed decisions.
Handle the paperwork hassle: Take care of all the paperwork and communication with lenders, solicitors, and estate agents, freeing up your time and energy.

How much does a mortgage broker charge?

Mortgage brokers typically charge a fee or get paid a commission by the lender. Some charge both. The fee structure varies depending on the broker and the complexity of your mortgage application.

At Newhomes we offer a free, no-obligation consultation.