Mortgage Advisors Kent – Do I Need One?

Getting a mortgage is a huge financial commitment, and it’s important to take it seriously and make informed decisions. That’s why it’s a good idea to get advice from mortgage advisors in Kent, like Thameside Mortgages. 

These advisors have access to more than 90 lenders in the market and can find the best deal for you based on your unique situation.

So, let’s talk about the top SIX reasons why you should consider seeking the help of a mortgage advisor in Kent.

Thousands of products at their fingertips

A mortgage broker can save time and effort for a client in several ways. Firstly, brokers have access to a wide range of mortgage products from different lenders, which means they can quickly narrow down the options and present the most suitable products to the client based on their needs and financial circumstances.

Extensive knowledge and expertise

Mortgage brokers possess extensive knowledge and expertise in the mortgage industry that can only be acquired through experience. This enables them to offer valuable insights that can aid in shaping a mortgage recommendation that suits your unique circumstances. 

By seeking their services, you can effortlessly navigate the complexities of the mortgage process and have all your queries answered with ease.

It can save lots of time

Using a mortgage broker can save time because the broker is responsible for researching the various mortgage products available from multiple lenders, comparing their features and costs, and presenting the most suitable options to the client. 

The broker can also handle the administrative work associated with the mortgage application, such as filling out paperwork, gathering necessary documents, and liaising with lenders, solicitors, and other parties involved in the process. 

This allows the client to focus on other aspects of their life, such as work or family, while still ensuring that their mortgage needs are being taken care of in a timely and efficient manner. 

Additionally, because brokers often have existing relationships with lenders, they may be able to expedite the application process and secure faster turnaround times than if the client were to approach lenders individually.

Greater chance of approval

Mortgage brokers possess extensive knowledge of lender criteria, enabling them to understand each lender’s specific requirements and guide borrowers towards the most suitable lenders for their specific circumstances. 

They have a keen understanding of what each lender will accept, including varying income types, and what documentation is required to obtain mortgage approval, increasing the likelihood of approval. 

Additionally, brokers can offer guidance on improving creditworthiness, such as paying down debt or resolving credit report errors, which can also enhance the chances of securing a mortgage.

You’ll receive qualified advice

Using a mortgage broker can be better than going directly to a lender because brokers are required to provide advice that is in the best interest of the borrower. They are regulated by the Financial Conduct Authority (FCA) and must follow strict guidelines and rules to ensure that they act in a fair and ethical manner, even though most BTL mortgages are not regulated by the FCA. 

In contrast, if you go directly to a lender, they may only be required to provide information about their own products and are not obligated to offer advice or help you compare other lenders in the market. This can result in a more limited range of options and potential biases towards their own products.

Using a broker also means that you have an advocate on your side who can help you navigate the complexities of the mortgage process and answer any questions you may have. They can provide you with valuable insights and expertise that you may not have access to otherwise. This can lead to better-informed decisions and potentially better outcomes in terms of interest rates, fees, and overall mortgage terms.

Personalised service and on-going support

Brokers are often flexible and can work around your schedule, offering appointments at times that are convenient for you.

They can provide ongoing support throughout the mortgage process, from the initial application to completion and beyond, taking time to understand your financial situation and tailor their advice to your specific needs. 

This can help ensure that you get the right mortgage product for your individual circumstances. 

A mortgage broker will offer a personalised and ongoing service to ensure clients receive the best possible advice throughout the mortgage process. 

Firstly, they will take the time to understand each client’s unique financial situation and goals, and provide tailored advice based on this. They consider various factors such as credit history, employment status, income, and debt, among others, to find the most suitable mortgage product for the client.

In addition, the service shouldn’t stop once the mortgage has been arranged. A good broker will continue to provide support and advice to their clients throughout the life of the mortgage, including the renewal process when it becomes due. 

The ongoing service means that clients can have peace of mind knowing that they are receiving up-to-date and relevant advice from an experienced and knowledgeable mortgage broker.

If you’re looking for a mortgage advisor in Kent that will genuinely listen, seek to understand your situation and advise you on the best options, get in touch with Thameside Mortgages today by calling us directly on 0345 512 0125 or use our online contact form and we’ll get back to you promptly.

Our small, but friendly team will take the time to understand your unique situation and provide personalized recommendations that are tailored to your specific needs.

With services that include first-time-buyer mortgages, home mover mortgages and remortgages, we have a proven track record of success and have received over 150 5-star reviews from satisfied clients.