Getting the right mortgage deal can save you £100’s each month but with the vast number of mortgage deals out there how do you know you have the best mortgage deal for you?
First step is to know what mortgage deal you are looking for – do you want a fixed rate mortgage where your mortgage payments will be a guaranteed amount for a set period, or a tracker/variable rate that increase or decrease along with interest rates?
Next, think about what you actually want to pay upfront – lots of mortgage options can look competitive but may not be showing you the full picture. Application fees, valuation costs, solicitor fees are just some of the fees you need to consider when looking at mortgages. If you add the application fee to your loan you will also be paying interest on this so does it really work out the most cost-effective mortgage deal?
Consider who you choose to help you find the best mortgage option for you – your existing bank can only give you its range of deals, so you are automatically ruling out many options by just approaching your bank. Mortgage comparison sites can help you narrow down the options but beware of hidden fees and check if lender criteria will work for your circumstances.
Why use an independent mortgage adviser to get the best deal?
Due to the vast number of mortgage deals available it makes sense to get an independent expert to get the best deal for you. Choosing the right mortgage deal is something that Choice Mortgage Solutions prides itself on. We will assess your needs and then research from thousands of mortgages from across the whole of the intermediary market. We use a unique sourcing system with thousands of options and can narrow these down based on many factors. It may look as though the best mortgage rates are the lowest ones but we will talk you through your options and explain why some deals aren’t as they seem or why certain lenders should be avoided. We also have access to exclusive mortgage deals that you wouldn’t see on the high street and experience with lenders that you may not have even heard of.
No matter if you are looking to purchase a new property, remortgage or simply need to renew your fixed rate, Choice Mortgage Solutions are placed to get you the best mortgage deal and potentially save you £100s on your mortgage.
If you would like some help, get in touch with one of our advisers here.
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