Wondering what’s the difference between using a mortgage broker vs the bank?
What are the advantages of using a mortgage broker rather than a bank?
Why is a mortgage broker better than a bank?
This article explains the key comparisons of using a mortgage broker vs a bank.
Bank vs Broker
- Banks only offer their own set of rates and terms
- Brokers will compare lenders to highlight the various rates and benefits
- Banks won’t tell you what the rest of lenders have to offer
- Brokers let you know when your fixed rate is ending & compare better options with various lenders
- Banks offer limited, generic support
- Brokers offer around-the-clock support tailored specifically to you
Advantages of using LTC Mortgages as your local mortgage broker
- Our mortgage advisers, here at LTC Mortgages, have knowledge of the most recent rates and products readily available
- As Liverpool based mortgage advisers, we’re able negotiate deals that are not available to the public, some lenders are only available through a broker
- Our mortgage advisers are impartial, meaning we compare what rates are available across the market, this will save you a lot of time compared to doing it yourself
- We can help you complete your mortgage application, as well as all associated paperwork and communications. We can do this face-to-face in our West Derby Liverpool-based office or over the phone
- Our mortgage brokers here at LTC Mortgages have extensive knowledge of various lenders’ criteria, so we know which lenders are and aren’t suited to your personal circumstances
- Our expert team of UK mortgage advisers know to avoid certain lenders if you’re likely to get declined, which will help keep your credit score intact, whilst saving you time and money
- We build relationships with various lenders, meaning if your application is borderline, we may be able to sway it in your favour
- If you have bad credit or looking to buy an ‘undesirable’ property, our mortgage experts will help you find a lender you usually wouldn’t be able to access
- If you’re struggling to get a mortgage, our Liverpool brokers can help prepare your credit file and general finances for a successful future application
- Here at LTC Mortgages, we cut the jargon to help give you a better understanding of what you’re taking on with your mortgage
- As well as mortgages, we’re also able to advise on home and life insurance products to support your mortgage
Looking for local mortgage advice?
Book your FREE consultation with us today in our West Derby Liverpool based office or via phone call or Teams.
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Your property may be repossessed if you don’t keep up with your repayments on your mortgage.
