How an expert mortgage broker can make all the difference

While it’s certainly possible to find a decent mortgage deal for your own home by going direct to lenders yourself, when it comes to Buy to Let, it’s far more appropriate to use a mortgage broker like our partner Embrace Financial Services.

While your own bank might offer you a preferential rate, there could still be a better deal out there and a difference of even half a percent on the interest rate could make a significant difference to your profits.

Using a broker like Embrace Financial Services has more benefits that simply helping you access the best possible rate.

They can keep on top of new deals

Over the last few years, mortgage rates have been changing almost monthly and some applications for offers have been closed very quickly.

This has meant it’s been extremely difficult to keep up with the new deals and rates that have been issued by mortgage lenders.

Because brokers like Embrace Financial Services are working with lenders and mortgage systems on a day to day basis, it is much easier for them to keep track of new rates and mortgage products coming onto the market.

They’re able to navigate individual circumstances

Brokers are used to working with investors that have a whole range of different personal circumstances, so they can anticipate potential issues before they become a problem.

That means you don’t waste time and money making an application that will be rejected. This can be particularly helpful if you are self-employed and perhaps don’t have a job that fits into a specific category, or if you have had credit issues.

They can explain all the pros and cons of deals

Sometimes it can be hard to work out which is the best deal for you when there are so many options and variables, such as the type of rate (e.g. fixed or tracker), product fees and early repayment charges. A broker can explain all the benefits and things to consider, making sure you don’t miss anything.

They have specialist market knowledge

As an individual borrower, you can only see current mortgage deals, but brokers like Embrace Financial Services often have insights into what’s likely to be coming up, new products and innovations, so they can advise you if, for example, it might be better to wait a month or two to make an application.

They can progress your application efficiently

Once your application has been submitted to a lender, it can be tricky as an individual to get answers when you want or need them, and there may be very little you can do to move things along.

On the other hand, experienced brokers often have relationships with lenders that mean they’re able to speak to the right people more easily and ensure your offer is received as quickly as possible.

That kind of professional help can be invaluable in Buy to Let, when deals may be agreed based on your ability to move quickly.

Professional mortgage brokers like Embrace Financial Services are duty-bound to give you the best impartial advice.

If you’d like to discuss any aspect of your mortgage borrowing or get a quote for a new or remortgage application, our partners at Embrace Financial Services are here to help. You can easily arrange an appointment via our website for a time that’s convenient for you – whether that’s after work, early morning or even on a weekend – or just call into your local branch and one of the team will be happy to make an appointment for you.

Book a Buy to Let mortgage appointment

Most Buy-to-Let Mortgages are not regulated by the Financial Conduct Authority.