Buying your first home, moving home or re-mortgaging can involve a number of costs. Understandably you will want to save money where possible, and will ask yourself why you should pay for a mortgage broker service. What can a mortgage broker can do that you can’t?

Naturally, we praise the virtues of mortgage brokers, but not without reason. By approaching a mortgage provider directly, it may seem you’re simply cutting out the middle man; but you should weigh up the numerous benefits to having your mortgage advice through a broker – especially an independent one like us. Here are three key reasons to use an independent mortgage broker.

1. Protection
The instant you become a client receiving mortgage advice, a broker has a duty of care to you. They are duty bound to recommend the most suitable mortgage for you and should be able to justify why they are recommending it. If you feel their advice isn’t up to scratch, you may make a complaint with the possibility of compensation to the body that manages your firm’s complaints.

2. Qualified and experienced
Selecting the right mortgage is not as easy as just choosing the cheapest deal you can find and the marketplace has changed dramatically in recent years. Your mortgage broker will understand the latest developments, offers and requirements. This means that your application can be completed more quickly and efficiently. A broker is also likely to receive speedier responses from lenders, therefore your case is likely to be processed more speedily, and error free.

Every situation is different and can bring mortgage application challenges. But whatever your situation, you broker has most likely come across it before and will have a greater likelihood of sourcing something appropriate for you.

3. They are on your team
An independent mortgage broker, such a First Financial Solutions (Wales) is on your side and will search the whole of market to find the best mortgage option for you. This gives you a far wider range of options than if you went direct to the lender.

Independent means independent. You’ll be provided with unbiased advice and a variety of services and products from different lenders to choose from, rather than the restricted products you’d be offered directly from lenders.

Here at First Financial Solutions, we will take your entire situation and circumstances into account when recommending a suitable product for you – we will look at your finances, situation and requirements and provide you with professional, first-class advice. Everytime!

If you would like to speak to one of our advisers about a mortgage, residential or commercial, please get in touch today. Please call us on: 01639 262222 or click here to contact us.