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Mortgage Broker vs The Bank !

You need a mortgage, so who will find you the best deal a Bank or a Mortgage Broker.

Broker vs Bank

Broker vs Bank

Up until recent years, most mortgages were taken out directly with a Building Society or a Bank but things have since changed rather dramatically. Between the publics growing loss of faith in lenders ability to provide sound financial advice and stricter lending criteria, nowadays around 60% of mortgages are now taken out through a mortgage broker and many experts expect this figure to continue rising.

Between the publics growing loss of faith in lenders ability to provide sound financial advice and stricter lending criteria, nowadays around 60% of mortgages are now taken out through a mortgage broker and many experts expect this figure to continue rising.

What is the difference between a Mortgage Broker and a Bank ?

Banks and Building Societies will always be competing for business and your mortgage is most likely the biggest loan that you will ever take out, this is results in a competitive mortgage market which is constantly flooded with new cashback deals and better rates.

If you go directly to a Bank you will only have access to their own product range and they are under no obligation to search the market for a better deal on your behalf.

A Mortgage Adviser can Save you Money and Stress !

As we have mentioned many times on this website each lender will apply their own criteria to each application so you could end up wasting time and effort applying directly to a lender who is unlikely to accept your application.

A good mortgage broker will have detailed knowledge of each lenders criteria and after fully assessing your situation they will know who is most likely to accept your application.

Contact us today for your free assessment, we never charge a fee for our services and are always happy to help.

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