Bristol Mortgage Broker are a great resource for people who are looking to buy a home. They provide the necessary information and knowledge required by an individual to make a smart decision.
This blog will discuss the benefits of using mortgage brokers in Bristol. We will also explore how they can help you find the best home loan for your needs.+
Aiming to Take Your Stress Away
Being a mortgage broker in Bristol, one of the UK’s most popular cities can be stressful. With more than 100,000 people moving to the city every year and an average house price of £314,000, it is no wonder that this profession is considered stressful.
However, there are ways to reduce stress and make your job as a mortgage broker easier. For example, you can use a bristol mortgage broker who will take care of all the paperwork for you so that you don’t have to worry about it yourself.
There are also other benefits to hiring a mortgage broker in Bristol – they will help you find suitable lenders for your loan application and they will help you negotiate on your behalf with lenders.
When Should I Get Mortgage Advice in Bristol?
There are many different factors that can influence when you should get mortgage advice in Bristol. They include your personal and financial situation, the type of mortgage you’re looking for, and the area where you live.
There are some general guidelines to follow when deciding whether or not to get mortgage advice in Bristol. For example, if you have a large amount of debt, there are better times to ask for a mortgage.
However, if you have just graduated from university with no debt and are looking at buying your first home, this is the perfect time to ask for advice.
Free From Estate Agents, Banks or Building Societies
A trusted and loyal Bristol Mortgage Broker will work for the customer, not the lender. This is important to remember throughout your process.
Our team is firmly in your corner, sometimes having to argue how strong an application may be to ensure it goes through. We know our customers’ financial situation inside out thanks to our initial checks.
Through our company process of requesting and checking your proof of income and bank statements ahead of time, we look to carefully avoid any hurdles that may arise, hopefully before they can become a factor.
We also have the ability to help you choose the right type of survey for your property transaction, as well as instruct a Solicitor on your behalf to carry out the legal aspects of your final transaction.
We are experts in the art of completing application forms on behalf of our brilliant customers, again working hard to ensure complete accuracy and giving your application the best chance of completion in the end.
Building Customer Relationships
Finally, our motivated and caring Mortgage Advisors love to build customer relationships and assist with future mortgage inquiries, be this as a Buy-to-Let landlord with your own portfolio or Remortgage when your term ends.
Your journey starts with an affordability assessment and Agreement in Principle before you even get to the part where you find a house.
Once your purchase is complete, your advisor will still keep in regular contact via email and, in the six months running up to the initial mortgage product coming to its end, will get in touch once more to discuss your Remortgage options.
We can then compare the market on your behalf as we did before to help you obtain the best remortgage deal available for your circumstances.
Why Use Our Mortgage Advice Service in Bristol
Our mortgage advice service in Bristol is designed to help home buyers get the best possible deal on their mortgage.
We have a team of experts who are dedicated to helping you find the right mortgage deal. They have helped thousands of people get a better deal and get into their new homes.
We offer a range of services, from mortgages to personal loans, to ensure you’re getting the best deal possible.
We’ve got you covered if you’re looking for a mortgage advisor in Bristol!
How does our process work?
Step 1 – Get in touch
First of all, once you have contacted and spoken to one of our responsive teams or booked yourself in for a free mortgage appointment, they will take some details from you.
This is to help build a profile to get a picture of who you are and what you want to do. All this information will help us partner you with a suitable mortgage advisor in Bristol.
Step 2 – Free mortgage consultation
During your free consultation with your dedicated advisor, they will ask you a few more questions. This will give them a closer look into your mortgage needs. From here on out, this advisor will help you find the ideal mortgage deal for you!
If they manage to find you a great deal that benefits both your personal and financial situation and you’re happy to take it up, we are ready to continue to step 3.
Step 3 – Agreement in principle
This step continues right after your consultation. Your advisor will arrange a mortgage agreement in principle (AIP) for you within 24 hours of your consultation.
Having an agreement in principle in place early on in the process is crucial. It shows a seller that a lender will let you borrow from them. Of course, this can provide evidential documents to back up your income and credit score.
During this part of the process, if you haven’t already found a home to make an offer on. You can start hunting for houses with your agreement in principle to back up any offers.
After your agreement in principle is in place, we’ll begin collecting evidential documents from you to back up your mortgage application.
This will include things like pay slips, bank statements, and photographic IDs. These documents and the amount you need to supply vary if you are a self-employed applicant.
Step 4 – submission
As soon as everything looks good on our end, we can move to the mortgage application submission stage!
We will only submit your mortgage application if we know you’ll pass your lender’s credit scoring criteria; we don’t want it to be declined.
Once your application is with your potential lender, it’s just a waiting game now. During this time, we’ll regularly inform you of your mortgage application progress.
As soon as we get the green light, we will be in touch straight away to give you confirmation that you’ve had your mortgage application accepted. Congratulations, you’re now on the road to moving into your new home!