We can help you find the best mortgage deal!

While last year was an exceptionally volatile year for the property market, and this year is expected to be much more stable.

Many first-time buyers, who are struggling with strict affordability testing and higher rates of interest will have a much clearer picture of where the rates will sit this year. According to leading experts, lenders are more likely to reduce their own rates in order to grow their market shares for mortgages and re-mortgages as there is likely to be strong competition between lenders to attract mortgage customers in 2023.

Benefits of using a mortgage broker:

When you’re looking for a mortgage, it’s important to get the best deal possible. But that can be hard when you’re on your own. A mortgage advisor can help you navigate the industry and find the right mortgage for your needs in a way that makes sense for you.
 
Here are some of the many reasons why you should use a mortgage advisor:

• Many clients who need more specialist advice may not be a suitable fit for the typical high street lenders who can only offer their own deals which limits some customers, using a broker can significantly increase your chances of borrowing money. 
• Our real strength is being able to offer whole market advice coupled with our extensive market knowledge as this helps us get the mortgage application right the first time for our clients which in some instances, can make or break a property purchase.
• Knowing which lenders can turn around applications quickly and which are currently struggling with service levels is extremely important if time is a factor we need to consider.
• Mortgage brokers advise and guide customers throughout the whole process from the start of the buying journey to completion. For customers who use their bank, the process is far more transaction with limited interaction with your estate agent or solicitor. It is a totally different level of service. 

Lenders are competing for business as mortgage rates fall. This means that borrowers can benefit from competitive rates and attractive deals as they search for their perfect home loan. We hope this article has given you some insight into how to find the best deal on your mortgage and feel free to contact us if you have any questions!

A couple of examples of how Holly Dawson, our advisor has helped clients.

“I have completed deals in the past where the client has approached me after going to their bank and receiving an agreement in principle to proceed on a purchase, but they just wanted to check what other rates may be available. Once I had completed the fact find and then looked at the type of mortgage the bank was offering, it transpired that I could offer the same initial fixed-rate period, the same overall term, the same borrowing amount and the same property valuation – all at 0.5% lower than the existing deal with their bank. The only thing that had changed was by using myself as a broker they had obtained a lower interest rate – with the same bank!

“Another good news story that I had was that the client had been to their bank and been declined due to poor credit. They were absolutely devastated and certain that they wouldn’t be able to get a mortgage. With a little more investigation into their circumstances, I managed to secure them a mortgage offer and they have since moved into their home. The key is that brokers have extensive knowledge regarding lenders’ criteria, and they are so different. Matching the individual needs of the customer to the lender that suits them is where we really help. 

Please send us an enquiry, email us at enquiries@manchester-money.co.uk or call us on 0161 503 9232 and we can arrange a chat to help you.

Mortgage Advice Manchester | Mortgage Brokers Manchester

Manchester Money