Why do I need a Mortgage Broker?

Oct 21, 2022 | Equity Release, First Time Buyer, Mortgages, Re-Mortgage

What is a mortgage broker?

A mortgage broker is often a person or business responsible for arranging a mortgage between a borrower and a mortgage lender. When looking to purchase a house, you will have the opportunity to work closely with a broker to decide the best option depending on your income and personal preferences.

From this, a broker can find and select the right mortgage opportunity that matches your expectations, regardless of whether you are dreaming of your first home or looking to remortgage your current property.

At Lisa Parmley Mortgage Management, we can guide you step-by-step through every process when looking for a mortgage that best suits you. We can assess your financial situation, browse the market and select the most appropriate mortgage focusing on your needs.

Why do I need a Mortgage Broker

A mortgage is an incredibly important financial decision, one of the biggest you could make in your lifetime! So, it’s crucial to make all of the right choices in the process.

A good mortgage broker will know exactly where to look with worlds of knowledge on the current market, which is particularly handy if you have a low deposit or are perhaps self-employed since they can improve your likelihood of getting accepted for a mortgage when seeking the lenders best suited to your goals.

Without a broker, there is a huge level of responsibility at your fingertips that could lead to costly mistakes if you aren’t entirely sure about the best foot forward. Many might assume going to the bank for a mortgage is ideal, but this is only recommended if you have extensive knowledge surrounding the mortgage market, otherwise, you may find yourself very limited.

Brokers can provide a wide range of unmissable deals while supporting your journey to a better credit score and a beautiful new home - with help from dedicated services such as legal paperwork and tailored guidance.

The advantages of working with a Mortgage Broker

  • Market access: with years of experience, brokers will hold strong connections in the industry with a large variety of lenders, allowing them to access brilliant offers
  • Accessible support: if you aren’t sure where to begin, a mortgage broker will know about the markets, saving you time searching for deals that don't work for you and working around clients to fit in with personal and work schedules.
  • Expert advice: as a first-time buyer, learning the industry can be difficult. From changes in interest rates to lengthy chains, relying on an expert can take the pressure off.
  • Qualified and regulated: You can trust a mortgage broker to provide quality advice based on experience and qualifications while responsibly following all regulations.
  • Loyalty: Here at Lisa Parmley, we are always here to help every step of the way. We will work with you long-term to achieve your desired outcomes with your best interests at heart.

How Lisa Parmley Mortgage Management can support you every step of the way

As a family-run business, we guarantee a warm welcome, promising to provide outstanding levels of service that go above-and-beyond conventional expectations. With 30 years of expert industry experience, our passion shines through our work, giving our clients the key to their next big adventure.

Get in touch with us today to learn more about our services.

Your home may be repossessed if you do not keep up repayments on your mortgage.