It has long been recognised that the best way to secure the right mortgage deal is to fully explore the market and what is on offer to whom.
As the financial markets have expanded and matured, it has become harder for the layperson to interrogate the market completely and with the level of forensic understanding required if the best informed decision is to be made.
The mortgage broker is best placed to offer unbiased, professional advice to their client and Virgin’s bold move to invite anyone considering their products to first speak with an independent adviser illustrates a level of confidence and security that is to be both appreciated and praised.
In February last year, the bank announced a ‘manifesto’ for brokers, comprising commitments to the market which included paying customers £100 if they do not receive their mortgage offer within 10 working days after a fully-packaged application is made, giving every intermediary a dedicated, named business development manager who will “know your area and know your cases” and giving 24 hours’ notice before rate increases on mortgage deals and reiterating a commitment to “competitive” procuration fees.
As mortgage brokers it is our role to consider the market and bring to you the best options for your consideration. Virgin Money recognise this fact and they’ve decided it is in the best interests of the consumer that they receive professional advice before committing to any one provider. That must be good news for everyone.
To speak to a mortgage broker contact us on 01628 507477.
Download our Free First Time Buyers Guide
Recent posts
Can I get a mortgage without a deposit?
4 days ago
If you are struggling to get over the hurdle of saving enough deposit due to being in a rental property, but wish to purchase your own home, you may be able to with a 100% mortgage. You will need to meet certain requirements and be financially stable.
Reasons to Remortgage your Home
28 days ago
If you are looking at remortgaging your property but you are unsure whether it’s the right decision, we have listed five reasons why it might be for you.
Debt Awareness Week | Consolidating Debts
12 Mar 2024
As the cost-of-living crisis continues, many people across the UK are struggling financially, many of whom are finding it hard to get debt-free.
According to research by StepChange, there are five common reasons people don’t seek help and advice with debt concerns.
Friyay Rate Reviews
6 Feb 2024
Every Friday our experts search the market for the latest rates from every lender saving our clients some serious £'s!
Looking to Extend?
2 Feb 2024
Are you looking to extend your property? There are many benefits to adding an extension to your existing home, here are a few.
Why should you consider Equity Release?
30 Jan 2024
Put simply, Equity Release is where you can release equity (money) tied up in your home for any purpose you like. In this short article, we share some reasons why you may want to consider Equity Release.
How to cut your food shopping bill
17 Jan 2024
The team at Mortgage Required may not be able to lower the prices in your local supermarket, but we have come up with a list of tips to help you lower your food shopping bill.
Energy Saving Advice to Help Protect your Pocket
14 Jan 2024
Every year Big Energy Saving Week takes place to raise awareness about energy efficiency, reducing energy bills, and combating fuel poverty. Below are some ways you can get involved and hopefully make a saving!
More information
Trusted by
