When it’s time to apply for a mortgage, many go straight to the building society or bank they have already banked with. While this may be a good option but it can mean that you’re limited in your choices.
To ensure that you get the best mortgage for your requirements, spend some time to study the various deals that are offered. This is where the distinction of mortgage lenders and brokers is made clearer, since mortgage brokers will provide you with more options on the market.
For a start consider speaking with the mortgage advisor – often called a mortgage broker’. With access to thousands of mortgage offers from a variety of lenders, we’ll be able to provide you with the right mortgage advice that is tailored to your requirements.
What exactly is a mortgage advisor?
In simple terms the simplest terms, a mortgage advisor provides guidance on various types of mortgage products. We are able to assist you right from the beginning in putting your finances in order all the way to the day you collect your keys and afterwards. A mortgage advisor will:
Define what the initial steps are.
Do you know what kind of you’ll need to research
Aid you in budgeting to save for your deposit
Find a mortgage for you and then process the application
The greatest part is that you can access all this advice from a professional before you even begin to search for a house.
Help locate your mortgage
After you’ve secured your deposit and located an apartment you like, return to your mortgage consultant who will conduct a search of thousands of deals from different lenders.
We’ll also be able to determine which mortgage firms are most likely to lend you money depending on the kind of property you’re looking to purchase. This is due to the fact that there aren’t all mortgage firms that will lend to every buyer or for all kinds of homes.
The assistance of an expert to identify the best deals will mean that you’re less likely denied an mortgage. If this isn’t enough for you, our service continues after you’ve applied to get the loan…
Make sure you have the mortgage application in order
If we’ve identified you with an opportunity to get a mortgage, we’ll work out the entire application making it easier for you to deal with the documents. We’ll also handle the surveyors and your entity and take care of any documents. We’ll keep you up-to-date throughout the process and will be there in case you have any concerns however silly you may think they are!
Help you to protect your mortgage with mortgage insurance
If you are buying a house it is necessary to have the insurance for contents and buildings. Also, you should consider taking out life insurance and critical illness coverage to ensure you keep a roof over head no matter what. Making this decision on your own and juggling the paperwork to pay for your mortgage may feel like a burden. stress on your shoulders.
Fortunately, mortgage advisers can provide advice about mortgage security insurances as well. Also, we are able to look around for you to find the perfect policy for your family and you and take care of all paperwork needed – while you focus on getting ready for your home’s move.
Flexible working hours
A good mortgage advisor can work around your schedule and offer flexible appointment times that are based on your work time.
They can also handle all issues over the phone or via email, so they’re not limited to the office or branch working hours. Therefore, even if you’ll be working long hours and working all time, you’ll be in a position to keep the momentum going and be one step closer to owning your own home.
Find out more about the ways we could assist you.
When you buy your first house, it will likely be difficult however having a mortgage advisor ensure that you get the right loan for your needs – and dealing with any issues or concerns that you face during the purchase process can be extremely beneficial.
To learn more about mortgages Northern Ireland, call us today to speak to one of our experts.
