With so many costs associated with moving house, it can be tempting to cut out as many as you safely can. Many of us drum up friends instead of hiring a removal firm, while others decide to ignore the horrible décor in our new homes until the cash flow situation has stabilised again.

Fortunately, many independent mortgage brokers actually offer their services to buyers for free. Yes Mortgage Services are included in that number – you won’t save any money by not coming to us, but you might well save money if you do.

We firmly believe that using an independent mortgage broker is the safest and most cost-effective way of setting up your mortgage. Here are our seven reasons why:

1. Choose from the widest range of mortgages

Independent mortgage brokers have access to the widest possible range of mortgages available at the time you hope to take one out. This means that you can benefit from the best mortgage for you, not just one that will “do” from the limited range offered by your current bank or building society.

2. Save money

If you go to your bank and ask to take out a mortgage, providing you’re not a high risk, your bank will be very keen to lend to you so that they get all the interest you pay on the loan and their competitors don’t. This means that you could end up with a mortgage that is right for the bank but not right for you.

However, independent mortgage brokers aren’t tied to any particular lender, but we are bound by law to have a duty of care towards our clients and to find the best mortgage for your circumstances. Ultimately, this means independent mortgage brokers will find you not just the best rate but also one you’ll be able to afford in the future, saving you money and giving you peace of mind.

3. Save time

Independent mortgage brokers will complete your paperwork for you and ensure it is seen by the lender promptly. This will save you time during your mortgage application – very important if you need your house purchase to go through quickly.

4. Expert advice

Mortgage brokers must be qualified mortgage professionals. Look for Cert CII (MP) or CeMAP after the name of your adviser. Both qualifications are recognised by the Financial Conduct Authority.

Mortgages can be very complicated and the legislation surrounding them is continually changing. It rarely pays to try and muddle through the mortgage process yourself! Likewise, it can be tempting to look on price comparison sites and simply plump for the mortgage with the lowest rate, but without expert advice, you could be caught out if or when the low rate rises.

Instead, let your independent mortgage broker take care of it – they’ll explain the information that you need to know and make sure that no mistakes are made during the lending process.

5. Legal protection

In the unlikely event that the mortgage you end up with is the wrong one and you cannot keep up repayments, only buyers who have used a mortgage broker have the right to claim compensation.

6. Insurance

Independent mortgage brokers often have access to insurance products as well as mortgages, and can pass their knowledge and expertise on to you. For example, you might wish to take out life insurance so that your mortgage repayments will be protected, ensuring your family still have a home even if the worst should happen to you.

Other insurance products, often called protection products, commonly offered by mortgage brokers include critical illness cover, income protection and buildings and contents insurance.

7. Relationship with lenders

Some lenders have mortgages that are only available via brokers, which you couldn’t find out about for yourself if you went directly to the lender.

Brokers also create a great deal of business for lenders, meaning that they can sometimes influence them for the better – an advantage that brokers can pass onto house-buyers.

These are just seven reasons why we think you should work with an independent mortgage brokers – for more, read our testimonials page! If you’re looking for independent mortgage advice, book your initial consultation today – it’s obligation-free and cost-free. Call us on 0800 612 5596 or click here to email us.

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We need to be honest with you… Your home may be repossessed if you do not keep up repayments on your mortgage.