It’s that exciting time of the year again, and no, it’s not Christmas.
As spring slowly turns into summer, more and more homeowners are looking to get themselves on the market and move home ready for when the winter comes in a few months’ time; and in times of covid, there are thousands of more homeowners looking to sell up and move than ever before.
It’s easy to think that you could do quite a lot of the job of a mortgage broker on your own, but there are a few extra reasons why you definitely need to employ the services of a professional mortgage advisor.
Here are four of those reasons.
Remember – the role of a mortgage broker is in fact a professional one.This is their job day in and day out – they understand the market, and they understand what homeowners need to do in order to get their finances straight ready for a sale and a purchase.
They Have Access To The Market (Most of the Time)
It’s very difficult, and in some cases impossible, for a ‘normal’ person to search the market for the best mortgage deals.
This isn’t like getting insurance for your car or for your home, this is a big financial decision and one that will affect your family’s finances for the next 30 years or more, so you need to get it right.
An independent mortgage broker will have access to the mortgage market and all of the deals you can get.
As a side note, be aware that a non-independent mortgage broker affiliated with an estate agent may not have this privilege.
If your mortgage advisor does have access to the mortgage market and all of the products available, then he or she will be able to advise you on the best package for certain circumstances.
The best package is not always the cheapest package. For example, a better package may be one that has a fixed interest rate, or one that will allow you to make your payments over more years, reducing your payments each month.
Above everything else, mortgage advisors are there to help you save time and money.
Yes, mortgage advisors do get a commission, but they also work on a basis of trust, and more people are likely to use a mortgage advisor who is recommended to them by trusted friends and family.
This makes it much more sensible to be a good mortgage advisor and work for the benefit of the customer than it does to recommend products and services to clients that are not right for them.