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Page served May 22, 2024

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Remortgage Home

Looking to Buy a House

Mortgage Advice & why its useful ?

Mortgage advice is essential!

– Realistically a mortgage is typically the BIGGEST  monthly expense most people have.

If your £30k car needed servicing, would you do it yourself or take it to a garage / with a  trained qualified and experienced mechanic?

….so if you have a £300,000  property ……

Mortgage Advisors have access to lenders & specialist deals from high street lenders to High net worth and specialist finance. Let them use their expertise and sophisticated systems to find the right mortgage for your circumstances.

Whether that be your own personal credit history from a low credit score, defaults, significant CCJ’s or a discharged bankruptcy. Through to complex income, such as retained profits or a unique property.

Not all mortgage advisors are the same, some claim ‘whole of the market’ or  ‘a panel representative of the market’ and might only have access to 14 or 20 lenders. As an impartial brokerage, we have access to over 90 lenders and specialist finance companies

How can we help you today?

Mortgage Advice how brokers can help.

Navigating the mortgage process can be daunting, but working with mortgage advisers can make it more manageable. Mortgage brokers are professionals who act as intermediaries between borrowers and lenders, helping individuals find suitable mortgage options based on their unique financial circumstances. Here are some benefits of working with a mortgage broker when seeking a mortgage with a bad credit score:

Access to a wide range of lenders

Access to a wide range of lenders: Mortgage brokers have access to an extensive network of lenders, including those specializing in mortgages for individuals with low credit scores. This increases the chances of finding a suitable mortgage option.

Expert guidance and knowledge

Expert guidance and advice: Mortgage brokers are knowledgeable about the mortgage industry and can provide valuable guidance and advice throughout the application process. They can help individuals understand the impact of their credit score, suggest strategies for improvement, and assist with assembling the necessary documentation.

time-saving for you!

Time-saving: The mortgage application process can be time-consuming and complex. Mortgage brokers streamline the process by handling paperwork, communicating with lenders, and ensuring all necessary documentation is submitted correctly and on time.

 

Working with a mortgage broker can alleviate the stress and uncertainties associated with securing a mortgage with a bad credit score. Their expertise and industry connections can greatly improve the chances of obtaining a favourable mortgage despite the credit challenges.

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Exploring alternative mortgage advice options for high net worth individuals

Mortgage advice for High net worth individuals who have low credit scores often face unique challenges when seeking a mortgage. Traditional lenders may be hesitant to provide financing due to credit concerns, even if the individual has substantial assets. However, there are alternative mortgage options available for high net worth individuals with low credit scores:

Credit scores impact mortgage eligibility.

If you’re looking for Mortgage Advice perhaps you are looking to become a first-time homeowner. so it may seem that certain obstacles may come your way, especially if you have a low credit score. Don’t panic, though! Your credit score is a critical factor in determining your eligibility for a mortgage, and it helps lenders evaluate the level of risk involved. Knowing how credit scores work and how they affect your mortgage application is crucial.

Your credit score is calculated using various factors such as payment history, credit utilization ratio, and length of credit history. additionally, it also covers new credit accounts and credit mix. This information is analyzed by credit bureaus like Equifax, Experian, and TransUnion to generate a three-digit score. The higher the credit score, the better the chances of getting a mortgage with favourable terms.

We understand it can be hard if you’re dealing with a low credit score, but don’t worry, there are ways to improve it. Having a low credit score doesn’t mean you’ll get outright rejected for a mortgage. It just means you might have higher deals and stricter conditions. Therefore, it is essential to take proactive steps to improve your credit score before applying for a mortgage and to get good mortgage advice.

why mortgage advisors can help

  1. When it comes to finding the most suitable mortgage lenders in your area, a mortgage advisor can be an invaluable resource. With their expertise and knowledge of the local market, they can guide you through the process and help you make informed decisions. Whether you’re a first-time homebuyer or looking to refinance. A mortgage advisor can provide personalized recommendations based on your specific needs and financial situation.
  2. If you’re in search of low-rate mortgages, it’s essential to consult with mortgage advisers near you. These professionals specialize in connecting borrowers with lenders who offer competitive deals. By working with a mortgage broker, you can access a network of lenders and gain access to exclusive deals that may not be available to the public. Their expert advice can help you navigate the complexities of the mortgage market and secure a loan that aligns with your financial goals.
  3. Don’t underestimate the value of speaking to a mortgage advisor when it comes to finding the most suitable mortgage lenders. With their in-depth knowledge of the industry, they can provide valuable insights and guidance throughout the entire process. From assessing your financial situation to comparing loan options, a mortgage advisor can help you make well-informed decisions that will save you both time and money in the long run. Their expertise can be particularly beneficial if you’re a first-time homebuyer or if you’re looking to refinance your existing mortgage.
  4. When you’re on the hunt for low rate mortgages, reaching out to a mortgage broker near you is a smart move. These professionals have a finger on the pulse of the mortgage market and can help you find lenders who offer competitive rates. By leveraging their expertise, you can increase your chances of securing a loan with favourable terms and conditions. A mortgage broker can also assist you in navigating the application process, ensuring that you provide all the necessary documentation and meet the lender’s requirements.
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