Mortgage Brokers in Tamworth
Whatever part of the UK you live in it’s important to get the right advice for your mortgage.
If you live in Tamworth, or are moving into the area it can be helpful to work with a whole of market mortgage adviser who is nearby.
Welcome to our mortgage advice page for your Mortgage Broker in Tamworth. Let us help you to get the perfect mortgage in Tamworth, Staffs.
Tamworth is located in Staffordshire in the West Midlands of England. It is a historic market town with a population of around 76,000 people. The town has a rich history dating back to the Anglo-Saxon times and is famous for being the birthplace of King Offa of Mercia. Tamworth is also home to one of England’s oldest castles, which was built in the 11th century.
There are a number of reasons why you might be looking for a mortgage broker in Tamworth. Maybe you are looking to buy your first home, or maybe you are looking to remortgage your current property.
What is a mortgage broker?
A mortgage broker is a specialist financial adviser, usually employed by a mortgage broker firm, who can help you find the right mortgage for your needs. They will take into account your income, outgoings and deposit, as well as your credit score and any other debts you may have, to find the right deal for you.
Think of a broker as a middle-man, or go-between.
What types of mortgage borrowers can a broker deal with?
Anybody. You may be a first time buyer with a small deposit, or a home mover with equity to put towards a new purchase.
You might even be a property investor looking to buy your next rental property. No matter what your circumstances, they can help you get the right mortgage.
Respect Mortgages works with one of the largest and most respected independent mortgage brokers. They have been in business for over 45 years and have qualified advisers all over the UK, including Tamworth, Sutton Coldfield, Birmingham, Leicester and Coventry.
Can I get a mortgage without using a broker?
Of course. You can apply direct to a mortgage lender, and many people do. However, it can be a good idea to use a broker for the following reasons:
- To save you time – they will do the legwork for you, searching the whole of the market to find the best deal for your circumstances.
- To get expert advice – a good mortgage broker will have access to specialist lenders that you may not be able to find yourself, and they will know which ones are likely to accept your application.
- To increase your chances of being accepted – because they understand the criteria that different lenders use, a broker can match you with the right one first time, meaning you are more likely to be accepted for a mortgage.
- To save you money – a good broker will also have access to exclusive deals that are not available on the high street, so you could get a lower rate than if you went direct to a lender.
Are all mortgage brokers the same?
No, all mortgage brokers are not the same. There are many different types of broker, from those who work for a single lender to those who are independent and can access products from across the market.
Do I have to meet face to face?
No, you don’t have to meet face to face if you don’t want to. Many brokers now offer an online or telephone service, so you can get the advice and support you need without having to leave your home.
What does “whole of market” mean?
Whole of market means that a broker can offer you products from any lender, not just a small selection. This gives you more choice and increases your chances of being accepted for a mortgage.
Do brokers need to have a special qualification?
Yes, all mortgage brokers must be qualified to at least CeMAP level 3 (Certificate in Mortgage Advice and Practice). This is the industry-recognised qualification that shows they have the knowledge and skills needed to give you accurate mortgage advice.
How do I find a good mortgage broker?
The best way to find a good broker is to ask friends and family for recommendations. You can also search online, but make sure you check reviews before you choose anyone.
You could also look for a specialist broker, such as those who deal with bad credit or self-employed borrowers. These brokers will have experience in helping people like you to get a mortgage, so they are more likely to be able to find a deal that’s right for you.
Once you have found a few brokers that you like, give them a call and ask for an initial chat. This will give you a chance to get to know them and see if they are the right person to help you with your mortgage.
What should I expect from my broker?
A good mortgage broker will
- Listen to your needs and requirements
- Explain the different types of mortgage available
- Research the whole of the market to find the best deal for you
- Help you to complete your application
- Keep you updated throughout the process
- Be available to answer any questions you have
We only work with qualified and experienced brokers who are committed to giving their customers the best possible service.
A wide range of mortgage options
LOOKING AFTER YOUR BORROWING NEEDS
Buy to let
Competitive buy to let mortgages that include options for SPV borrowing, purchase, remortgage or capital raise.
Holiday Let
Specialist advice for UK holiday let mortgages including Furnished Holiday Lets, Airbnb and mixed use properties. Solutions for purchase, remortgage and develop.
Moving Home
Take the stress out of finding a moving home mortgage by letting our brokers arrange that for you.
Second Homes
A second home mortgage will allow you to purchase a UK holiday home for you and your family to enjoy.
Remortgages
Time to remortgage? Switch your mortgage to a new lender and grab yourself a new interest rate at the same time.
First Time Buyer
All the help you need getting onto the property ladder and buying your first home. Including a cracking mortgage deal, sourced just for you.
Equity Release
An equity release lifetime mortgage can provide a tax-free lump sum or ongoing sums of money that you can spend however you wish.
Specialist Mortgages
Multiple streams of income, employment status, size of mortgage or perhaps an unusual property? Let’s get to work…
Mortgage Guides
Our mortgage guides will help you understand and compare different mortgage products whether you’re starting out, moving, remortgaging or buying to let.
Insurance
Making sure you, your home and your mortgage are protected against the unexpected.
Mortgage Calculators
Our easy to use mortgage calculators can help you at every stage of your mortgage journey. From working out what you could borrow to calculating the Stamp Duty.
SPV Mortgages
Rather than buying an investment property in their own name, many investors are now choosing to do this through a Special Purpose Vehicle limited company, or SPV.
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