When shopping for a new mortgage, it might seem sensible to stick with the devil you know - namely, your bank. But is this really the right thing to do?
There are so many mortgage lenders offering so many loans that it is difficult to see how anyone outside the industry could ever be well informed enough to make the right decision when it comes to evaluating home loans. Even if a borrower has the time and the inclination, trying to evaluate all the different options and lending caveats can be very difficult. Which is why, in large part, specialist mortgage advisors exist. But that’s not the only reason.
You see, it’s all down to what sort of mortgage advisor you are speaking to. Some advisors are restricted in what they will consider. Others are employed by just one lender, such as your bank, which means that they are there to sell you their product, not evaluate what’s best for your individual circumstances. The obvious choice is to choose a Mortgage Adviser who is totally independent and can look at the whole market
Furthermore, with banking becoming less and less personal by the day, lending decisions are now almost entirely dependent on specific financial data and matrices held on potential borrowers. The days of the prudent bank manager in your local branch office ‘taking a flyer’ and lending to his long time customer are long gone.
There is a place for banks and a stable banking history will help support a borrower’s loan application, but when it comes to mortgages your best port of call is a whole market mortgage advisor. Contact Mortgage Required on 01628 507477 to speak to an adviser today.
Related article:
Download our Free First Time Buyers Guide
Recent posts
A welcome change in school is coming as financial literacy is due to become compulsory in schools in England.
The Government has announced that as part of the new national curriculum, children in primary and secondary education will be required to learn about budgeting, compound interest, managing money, and mortgages.
The top 10 most beautiful villages in the world
13 days ago
Forbes has published a global ranking of stunning locations and one popular picturesque corner of the UK has nabbed top spot.
Over three years after the Mini-Budget took place, we look at what the mortgage market looks like now, showing the difference in mortgage repayments.
The government has announced plans to make buying or selling a home cheaper and quicker with what is being called the “biggest shake-up to the homebuying system in this country’s history.”
More borrowers using equity release
1 Oct 2025
Almost one in five equity release mortgages are now taken out to provide financial support to family.
Buyers purchasing properties sooner
29 Sep 2025
According to industry data, the expected wait for those looking to buy a property has dropped from just over 11 months to less than six months.
It is common for your first mortgage payment to be higher than your subsequent monthly payments for two reasons.
What to do just before you get your keys
24 Sep 2025
Firstly, a big congratulations, you’ve now exchanged contracts! After weeks and months of waiting, you are about to move in. What should you do first?
More information
Trusted by
