And whether you are a first-time buyer, moving home or staying put and remortgaging, the vast range of deals available from the hundreds of lenders can seem daunting.
This is where a good mortgage broker comes in.
While banks and building societies will only offer you a mortgage from their own range, an independent mortgage broker will search the whole market on your behalf and source the right deal based on your circumstances and budget.
Even if you find a good-looking deal yourself, you may be unsure whether you will be accepted – especially as criteria can vary from lender to lender. A good mortgage broker knows how each lender operates, so they’ll also know which deals you’re likely to be eligible for.
But it’s not just finding a mortgage deal where a broker can prove valuable. They’ll also help you apply for and set up your new mortgage – providing help and support with the paperwork and the rest of the process. Your broker will also liaise with the lender on your behalf and deal with any problems that could cause unnecessary delays.