Why use a mortgage advisor
Why use a mortgage advisor is a common question we hear a lot. One of the many benefits of using an advisor is that they save you time and money since they are familiar with the market and can help you find the right mortgage.
Should I use a mortgage advisor? Can I do this on my own? Yes to both is the answer.
Taking on a mortgage is one of the biggest financial decisions you'll ever have to make. A mortgage advisor, also called a mortgage broker will search mortgage rates for you saving time and potentially money, sometimes lots of it. They will compare mortgage deals and guide you through the application process even helping with the paperwork and chasing lenders for updates. A GHL Direct mortgage advisor can search over 15000 mortgage deals from 50 of the UKs top mortgage lenders. We can even get exclusive deals your own bank may not offer you and offer appointments over the phone, via video call or face to face, wherever & whenever you feel comfortable.
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The advantages of using a mortgage advisor
For many of us, finding the time to source a mortgage from the thousands available proves to be quite stressful. Hidden costs, different types, different rates credit checks, it all takes time & effort.
There are lots of advantages of using a mortgage advisor, possibly the most beneficial to you is that they can remove the stress of finding the right mortgage. This can save you time and money because they know the market and deal with it every single day.
Our mortgage advisors even have access to exclusive deals available through GHL Direct, so you might get more choice than you would if you decide to source the mortgage yourself. As we have access to over 15,000 mortgages from 50 of the UKs top lenders, we really should be able to find you the right mortgage deal.
Knowing which mortgage type is best and which mortgage rates are available to you can be confusing at the best of times. Having a mortgage broker on hand to help you understand the difference between certain deals, interest rates and the consequences of opting for one mortgage over another can be very useful. We fully explain all the options and why we make the choices we do.
What will a mortgage advisor want to know?
Be prepared to explain your situation and where you are in the house buying process when you first speak with a mortgage advisor. If you are just getting started, you may only want to determine how much money you might be able to borrow. Perhaps the offer on a house you want to buy has been accepted, and you would like to have the mortgage arranged as soon as possible. They will want to know the value of the property your buying, any debts, your income, employment details and deposit amount.
In the later stages we will ask for proof of income, 3 months of bank statements, 3 months of payslips, your ID & a proof of address.
How does it make my life easier?
Before you choose a specific deal, you need to decide what type of mortgage is the most appropriate for your needs.
Traffic jams, petrol costs, parking costs and standing in bank queues. Not an ideal afternoon out is it. By choosing a GHL Direct mortgage advisor you can do all you need in the comfort of your own home. Or the office, or gym or beer garden, in fact anywhere you can use a phone is a good place to book your chat. Our expert mortgage advisors are very flexible and offer appointments over the phone, via video call or face to face, wherever & whenever you feel comfortable. We can chat from 8am – 8pm and the call is completely free to you.
A professional mortgage advisor will have an idea of what requirements different mortgage lenders have. This can save you hours, imagine searching for days looking for the best mortgage, only to find out you may not meet the lenders criteria. Using an advisor can make the mortgage application process a lot quicker and a lot less frustrating.
When you submit a mortgage application you are never 100% sure it will be accepted and offered on. Our mortgage advisors know the lenders criteria, we know what they want and the likelihood of you getting your mortgage offer. Rejected mortgage applications can prove costly both in terms of money and time, particularly if you have paid a some legal and valuation fees beforehand. More importantly they can mean you use up valuable time missing out on the property you really want.
Things can and do change quickly in the mortgage market and its our business to follow this. Your mortgage advisor will have a handle on what’s going on in the wider market so that you find can a cheaper suitable mortgage or not lose the mortgage you have. Changes to stamp duty, loan to value, interest rates, mortgage products and criteria are some of the things you wont need to know if you choose to take mortgage advice from GHL Direct.
Buying a property isn’t just about the right mortgage; it also involves solicitors, surveys and insurance and its safe to say these are not things most people like to deal with. Your GHL Direct mortgage advisor will help you with all this. We are also available to chat to you whenever you feel the need. Unlike traditional high street banks we are here for you 7 days a week from 8am – 8pm and you can probably get a free consultation within the hour if your in a hurry. Whatever question you have, whenever you need to ask it, we will be here for you.
Your initial meeting with a GHL Direct adviser to discuss your requirements costs you nothing and is without obligation. If you like our advice and would like us to arrange your mortgage then broker fees may be charged. Some brokers charge you nothing but will earn commission paid by the mortgage lenders. Others earn commission from lenders and will charge you a flat fee called a broker fee. Whether an adviser is really worth it will ultimately depend on the cost and what service they are providing. Your mortgage advisor will outline all this to you at the start of the meeting.
What we do for you
GHL Direct advisors offer flexible appointments over the phone, via video call, or face-to-face, wherever and whenever you works for you. We pride ourselves on being transparent, trustworthy and honest.
You will get
You wont get
Working With You
With our mortgage advice we’ll help you put your plans into action.
Getting to know you
What we must tell you
The right solution
Your home or property may be repossessed if you do not keep up repayments on your mortgage.