Mortgage Brokers in Kent

What types of mortgage can a broker deal with?

Mortgage brokers can deal with a wide range of different mortgages, from standard repayment mortgages to more specialist products like buy-to-let or self-build mortgages. They can provide excellent advice to people who are self-employed, contract workers, company directors or those who have complex income structures.

They will be able to advise you on which type of mortgage would be best suited to your needs.

What lenders would an independent broker have access to?

Independent mortgage brokers have access to a wide range of different lenders, including high street banks, building societies and specialist mortgage lenders. This means they can find you the best deal possible, regardless of your circumstances.

There are also many lenders that will only deal with brokers, so it’s worth talking to one even if you think you’ve found a good deal yourself.

Do brokers need to be qualified?

All mortgage brokers in the UK need to be qualified in order to give advice. This means they have completed a training course and have passed the relevant exams.

They also need to be registered with the Financial Conduct Authority (FCA), which regulates the financial services industry. This ensures that they are up-to-date with all the latest changes in the mortgage market and are providing the best possible service to their clients.

How do you choose the right adviser?

There are a few things you should consider when choosing a broker, such as how much experience they have and what type of service they offer. You can read reviews from previous clients to get an idea of what it’s like to work with them.

It’s also worth asking for recommendations from friends or family who have recently bought a property.

Once you’ve chosen an adviser, you should ask them about their process and what information they need from you. They should then be able to give you an idea of the different deals they can find for you.

What if I have bad credit?

If you have bad credit, it’s still worth speaking to an adviser as they may be able to find a specialist lender who can help. However, you should be prepared for the fact that you may not be able to get the same deal as someone with a good credit score.

It’s also important to remember that your credit score is only one factor that lenders will look at when assessing your mortgage application. They will also take into account your employment status, income and outgoings.

If you’re not sure whether you’ll be able to get a mortgage with bad credit, it’s worth speaking to a broker for advice.