Mortgage Brokers

Why you should use a broker to find the best mortgage for you. A broker will know exactly what sorts of people the various lenders will consider, and will genuinely have access to special deals which may not be generally available.

This would get round another trap: because in many cases the granting of loans is decided by computerised credit scoring and recorded on a central database, if you are turned down by one lender that fact will show up when another one processes your application

A second lender might then turn you down just because the check will show you were turned down elsewhere. Use a proper independent financial adviser*, not an estate agent. He is not a financial expert.

Author: Nick Seymour

Using a broker to find your next mortgage is essential to save time and money.

Published on 28/3/2006.

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.


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