Getting a mortgage involves a long-term commitment – and one that is not to be taken lightly. Making the wrong decision might leave you not only with an unsuitable mortgage, but one that leaves you seriously out of pocket. Before taking the plunge, therefore, you might want to take the most appropriate mortgage advice you can find.
That advice is likely to come from a mortgage broker. A mortgage broker – or mortgage adviser or mortgage advisor as they are also known – is quite simply someone who specialises in mortgages, explains Equifax.What are the potential advantages of mortgage brokers versus lenders?
You might be asking yourself whether it is worthwhile consulting a mortgage broker. After all, some of the shops and offices on the UK high streets are the banks and building societies in the business of arranging mortgages for their customers.
Surely, you can cut out the middleman by going straight to the mortgage lender?