No. Mortgage brokers will have access to lenders from across the market, and be able to advise in different situations as well as being able to provide the buyer specific advice for their circumstances.
Mortgage brokers act on your behalf and are the preferred choice for many buyers across the spectrum from residential through to commercial buyers. The reason mortgage brokers are preferred is that because they are acting on the buyer’s behalf – they scour their networks and market for the right mortgage and broker a deal with the lender at competitive rates.
Not only brokering a deal – but you can also expect advice from a broker about the best options available to you, and advice on an exit strategy when it comes time to pay off a mortgage.
A key thing to remember with any mortgage is key advice from the FCA (Financial Conduct Authority) “your home may be repossessed if you do not keep up with payments”.
Journey Mortgages is a specialist broker that can help you with commercial mortgages and more. Get in touch, and one of our friendly team with be happy to help you with your inquiry.
Attention: Late repayments can cause you serious money problems. For help go to moneyhelper.org.uk