With new mortgage products being made available on a daily basis and 1000’s of different deals already out there to choose from, how do Rob and his expert team of advisers ensure that 8 out of 10 customers leave with a better deal from Hannells…?
In today’s market, we tend to find that on average buyers will view seven or eight properties before they make their decision on which is going to be their new home. However, when it comes to choosing the mortgage that they will use to fund their dream purchase, we often find that many buyers are selling themselves short and agreeing to a mortgage that may not be right for them.
I’m sure you would agree that when committing to one of the most expensive and important purchasing decisions you will ever make, its pays dividends to shop around and make sure that you find the best deal for you. This can save a buyer, literally, thousands of pounds over the term of the mortgage which could be put to use much better elsewhere! So, why do we so often find that buyers haven’t taken the time to find the mortgage deal that’s right for them?
More often than not, it is due to a lack of advice from an experienced advisor. With the deluge of products that are on offer and all the jargon involved – fixed rates, variable rates, trackers etc. – it can quite easily confuse even more experienced buyers.
So, to answer the question that you may be thinking of at this moment in time – “So how can I be confident that I have found the best deal for me”, let me provide some information that you may find useful…
Firstly, let’s take a quick look at the various ways you might search for a mortgage.
Many of us are used to regularly shopping online with a varying degree of experiences from terrible to excellent. Currently, only about 1% of buyers will source their mortgage online which is something we would certainly advise against. Buyers easily can be enticed with “amazing” headline fees which seem too good to be true at the time – and they often are. The lack of professional and advice to guide buyers through the crafty small print and requirements that can make qualifying for the initial rate nigh on impossible soon mean that you end up with a mortgage which bears little resemblance to the one that first attracted you.
Then there’s your local bank. For a lot of buyers, this is the first place they think of when it comes to financing their purchase, which makes common sense – but does it make financial sense? A lot of buyers are under the impression that because they have been loyal to their bank for years, they are going to receive a “super” rate which no-one else has access to. It’s a common misconception and taking a look back at what has happened over the last few years, we can see that a lot of the lowest interest rates are actually only available through brokers rather than direct from your own bank.
Plus there’s the fact that out of the thousands of mortgage deals that are out there, your bank can only offer you the products that are on offer from – your bank! So you only get to see a tiny percentage of the deals that are available and what are the chances that one of those deals is market leading? Even if you do manage to find a good rate, you may find that the associated costs are less favourable compared to what you could pay elsewhere.
Next up, there’s your “whole of the market broker”. This title can be quite confusing as it can sometimes mean they are tied to panel of lenders and actually only dealing with as few as 8 to 10 mortgage providers. So whilst you will have a broader selection of deals than you would from your own bank or building society you still cannot be sure that you are getting the best deal.
Then, there’s our guys here at Hannells. Rob Brookes and his team of fully qualified independent financial advisers are part of Mortgage Advice Bureau, they have access to over 80 UK lenders giving them a choice of thousands of different mortgages every day. Mortgage Advice Bureau are the UK’s largest independent high street mortgage brokers and as such have access to a lot of exclusive mortgage deals that you won’t be able to get from your local bank or building society or indeed from other brokers. Plus, they have access to a variety of specialist lenders who may be able to help an applicants who does not quite meet the requirements of the mainstream lenders. And as mortgage products come and go in the market place, the advanced IT systems to which they have access, ensure their advice is always up to date.
So what does this mean for you? It means that when you talk to one of our friendly in-branch advisers, you can be confident that you have had the best advice and found the deal that’s right for you. And for your convenience, they are based here in our network of local Derby branches. Even if you have secured a better deal elsewhere, Rob and the team may be able to help you save money.
Save yourself a lot of time, effort, confusion and hassle and let Rob and the team do the shopping for you!
And that ladies and gentleman, is why 8 out of 10 customers that see a Hannells adviser walk away with a deal mortgage deal tailored to suit them. So, get in touch with your local branch of Hannells today to arrange an appointment with some of the best advisers around. The contact details for all of our local branches can be found at – www.hannells.co.uk/contact-us/
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Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.
