Mortgage comparison - finding the right mortgage broker

Like everything, it’s simple when you know what to look for.

It’s easy to be lured in by marketing angles: bad credit remortgage advice, best tracker mortgages, best mortgage rates etc but don’t forget the ground rules.

You can compare mortgage brokers, once you know the determining factors:

1) Can they access the whole mortgage market? The answer should be ‘yes’. And don’t just accept ‘yes’ without probing a little further. Some mortgage brokers have restricted mortgage provider panels. They may be able to find you a Halifax mortgage, an Abbey mortgage, a Barclays mortgage, a Nationwide mortgage or a Northern Rock mortgage…because these are all mortgage lending giants, but what about those best buy deals that are brought out by the smaller mortgage lenders? You want your mortgage broker have wide mortgage coverage to find the best one for you.

2) Will they charge you a mortgage broker fee? Your mortgage broker will either charge you a fee or won’t, and new FSA regulations have ensured that you will know about this well in advance of paying for it. The point is: why pay to find the best mortgages, when you can get them for free? There are excellent mortgage brokers who will give you expert advice, with no fee attached.

It goes without saying that L&C Mortgages fulfills all of the above criteria. Calls are free, advice is clear, simple and unbiased, and there is no fee charged at any point for the service received.

See also:
Free mortgage advice: our no broker fee policy
Independent or whole of the market mortgage advice?Remortgages: saving money on your mortgage
Mortgage search - finding the right remortgage adviser