Do I Need a Mortgage Adviser?

Whether you’re a first-time buyer or considering remortgaging, mortgage advice can be invaluable. Independent advice can distinguish between a successful mortgage application and a rejection. It may also lead to a better deal, saving you thousands of pounds over the mortgage term.

What is a Mortgage Adviser or Mortgage Broker?

A mortgage adviser is a qualified professional who specialises in finding the most suitable mortgage for your circumstances. Often called mortgage brokers, there is no real difference between an adviser and a broker. The only significant difference to consider is between independent mortgage brokers and ‘tied’ mortgage brokers. An independent broker can source mortgages from the entire UK market, while a tied broker is restricted to certain providers and may not find the best deals.

Besides mortgage advisers, some Independent Financial Advisers (IFAs) offer mortgage advice. Typically, a mortgage adviser will increase your chances of securing a mortgage and finding the best value deal.

When Should I Seek Mortgage Advice?

If you’re a first-time buyer, mortgage advice can be most beneficial, as the application process tends to be more challenging and new to you. However, a mortgage broker can be useful for any mortgage-related matter. Other times to seek advice include remortgage, buying your next home, or borrowing more money. An adviser can also help you find special mortgages if you are self-employed, have bad credit, or are buying to let. Finally, mortgage advice can assist you in tapping into the value of your home in later life through equity release.

Benefits of Using a Mortgage Broker

An independent mortgage adviser is not restricted to any particular provider and will act solely in your best interests. Therefore, you can be confident that the deal they recommend will be best for your circumstances. A mortgage adviser should:

• Explain the various mortgages available and the different types of deals.
• Advise you on how much you can afford to borrow.
• Have access to special mortgage deals not available on the open market.
• Help you prepare for your application to boost your chances of success.
• Save you money overall by finding a mortgage with lower interest rates and fees.

Remember, every unsuccessful mortgage application may harm your chances of success next time, as each refusal will appear on your credit record.

Using a mortgage adviser maximises your chances of being accepted the first time.

Finding a Mortgage Broker

At Connect Expert Brokers, we recognise and respect your unique needs. Our extensive directory lets you find advisers who specialise in your needs. Select your adviser based on their expertise, language, and your preferred communication style—whether it’s in-person, online, or over the phone. We’re here to provide a personalised experience that caters to you.