Why Do I Need A Mortgage Broker? Getting Started With A Mortgage Broker

July 29, 2021 by in category Mortgage Advice tagged as , , , with 0 and 0

When talking about mortgage loans, it can be an intricate task for many people, not knowing how to choose the best mortgage lender and on what conditions. In the beginning, they are constantly battling with questions such as:

  • What are the interest rate and annual percentage rate (APR) for the loan?
  • How much will my monthly payments be?
  • What sort of mortgage will be best for me?
  • How can I get the cheapest interest rate?
  • What is the process of closing the loan?

And a lot more. If you keep thinking about finding answers to these questions, it can waste a lot of your time and delay the overall process. Instead of asking all the above questions, just focus on the following questions:

  • Is it worth using a mortgage broker?
  • Should I use a mortgage broker?

In this article, we will help you decide it once and for all. When faced with this mindboggling situation, various professional companies and individuals in financial intermediation are known as mortgage brokers.

In simple words, they are financial intermediaries between the client (the person seeking financing) and the financial institution (that will provide the mortgage).

If you happen to find a good one, you will surely enjoy the benefits while going about the whole process.


They are experts in the market to help interested people obtain loans. Thus, they have excellent knowledge and expertise about different loan offers offered by financial institutions.

Comprehensive Service

They are in charge of taking you by the hand. In addition to informing their clients about the different mortgage options that suit their needs, they advise them on the procedures and documents necessary to obtain loans.

Variety Of Mortgage Loans

Due to his or her experience in the market, a true professional can offer a variety of options or solutions.

No Commission

Some brokers do not charge a commission when they give you advice because they obtain it from financial institutions; the financial institution is the one that covers the fees instead of the client.


Because of the current fast pace of life, many people do not have enough time to inform themselves about all the available options properly. With the services of mortgage brokers, the process is much faster. They ensure compliance with the deadlines and schedule the signing date in advance to avoid delays.

Tailored Solution

They identify the credit profile of each client and offer the best option, which is tailored to the diverse needs of every individual.

The Best Conditions

They have a negotiation capacity that is undoubtedly superior to clients. Therefore, they can get an interest rate and other conditions that would be difficult for ordinary people to secure the deal.

Do I Need A Mortgage Advisor?

Having read the aforementioned benefits, you can understand that a mortgage loan professional will be a blessing for you. However, when you choose one, investigate thoroughly that the person or company is professional; it is not just interested in earning their commissions.

London Mortgage Advice Ltd is authorized and regulated by the Financial Conduct Authority for residential mortgages and non investment insurance business.

Although London Mortgage Advice Ltd is regulated by FCA, commercial mortgages and most buy-to-let and offshore mortgages are not regulated by the FCA.


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