Mortgage Broker Warrington
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Mortgage Broker Warrington – A Local Touch
A lot of people may have never used a mortgage broker and, particularly if you are buying your first home, you might be left wondering what it is we actually do and how we can add value to your mortgage journey.
What can a mortgage broker do for you?
As a broker, it’s our job to understand your objectives and financial circumstances with the view of finding the right mortgage for your needs.
In order to begin the mortgage process, we do what’s called ‘fact finding’ where we find out all the basic knowledge we need to start your mortgage application, gauge your current circumstances and understand what it is you want to achieve – whether you’re a first time buyer, buying to let or looking to remortgage.
Sometimes, it’s possible for someone to not be ready for the mortgage process and what they want to achieve is perhaps not possible for us to fulfill. In this case, we work with you to build a roadmap detailing the steps you need to take in order for you to eventually start your mortgage journey. This may be building a better credit score, or saving more money for a larger deposit – whatever it may be, it’s our job to advise and support you so you can go on to achieve your objectives in the future.
Mortgage broker vs high street bank
It’s tempting to walk into your local bank if you’re looking to get a mortgage and while that is an option, you are likely to be offered one product – the product from that particular bank and nothing else.
This isn’t to say we are more qualified than a bank and for some people, going to a bank for your mortgage may suit your circumstances particularly if you’ve built a relationship with an advisor.
As a broker, we approach your mortgage journey from an objective perspective and essentially, our advice is impartial as we can offer various products from a range of lenders, as opposed to just one singular product. Fundamentally, having an unrestricted range of lenders generally means we can find you a better mortgage deal.
It’s also important to remember that it’s not always about finding the best rate for your mortgage. You also need to consider the support you receive throughout your journey and the amount of time you save by approaching a broker who has various lenders and mortgage deals to hand, as opposed to approaching every high street bank and doing all the comparison leg work yourself.
What other services do mortgage brokers offer?
Our job doesn’t just stop at getting you a mortgage. We hold your hand throughout the entire process to ensure it runs as smoothly as possible.
We believe communication is key when it comes to mortgage success and it’s not unknown for mortgages to fall through simply because lines of communication aren’t tight enough. This is why at Home Financial, we have an in-house case progression team whose job it is to liaise with your estate agent, solicitors and mortgage lender to give them weekly updates. As well as this, it’s their job to be consistently looping you into these conversations to update you on everything you need to know.
When should you start conversations with a mortgage broker?
As soon as home moving thoughts enter your mind, approaching a broker is a great idea; regardless of whether you are buying your first home, buying to let or remortgaging.
In the case of a first time buyer, it’s important to understand how much you can borrow from a lender, other financial commitments you have to consider and your monthly budget. This can be done anywhere from two years to two weeks from buying your home, but it’s good to be informed on what you can afford before you start the house viewing process with an estate agency to avoid viewing homes that are simply out of your budget.
How much do mortgage brokers cost?
We don’t charge for any initial consultation as we consider this part of the process of gauging whether we are the right option for you.
We only start charging fees when you have found a property and we’ve made the mortgage application to the lender, even though a lot of work would have been completed prior to this stage such as; reviewing all your documents, sourcing the market and completing your agreement in principle.
Once we have charged you a fee, it’s then our job to progress your application through to completion.
Why Purchase a property in Warrington?
Home Financial is based in Warrington and therefore, a lot of the clients we deal with are looking to purchase, let, or remortgage a property in the area.
Warrington is sandwiched in between Liverpool and Manchester; two very thriving cities and with excellent motorway connections (M62 and M6) accessibility from Warrington couldn’t be better. Train connections to Birmingham and London are also good, so if you’re looking to commute further afield it’s definitely an option worth considering.
A redevelopment of the town centre also means there are quite a few new builds opening up in Warrington; making it an ideal location for first time buyers to consider.
Get in touch
If you’re looking to start your mortgage journey, get in touch with an expert at Home Financial today. You can contact us via our website or use our contact form to make an enquiry. Alternatively, you can give us a call on 01925 939170.