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Lenders only really promote their rates and it can be many weeks into the application before you find that either your circumstances or the property do not match their requirements. Not only can this be costly in terms of fees, but often the time taken can cause problems with the sale or purchase of your home.
Using a professional broker like XL Financial Services means that we do all of the research as well as talking to the lender and discussing their criteria in detail, to make sure that you meet their requirements.
This is all done before application and this means we can make sure that all of the paperwork they are going to need is collated. We handle all of the enquiries and liaison between the lender, estate agent, solicitor and anyone else involved in the transaction so you can focus on your day to day life and planning your new home.
Even with a remortgage, many people have had issues and using a broker means that all of the work is done for you.
Remember that brokers, like XL Financial Services, often have access to products and special deals that might not be available on the high street. We can also access lenders that might not have a local branch to you and this means that you get a wider choice of services than might be available in your local town.
Many people try to arrange their mortgage by themselves but with lots of different providers and thousands of products available, it is not as easy as it first seems.
On 26 April 2014 a new set of guidelines came into effect on mortgages and this has changed the way lenders assess you.
Probably the biggest purchase you will ever make in your life, your home is important to all of us.
Finding the right mortgage can be a minefield, especially with constantly changing criteria from the lenders.
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