Choosing the right mortgage:
The importance of choosing a mortgage that's right for you!
our online Mortgage Guide - Page 7 of 14:
The importance of choosing the right mortgage cannot be underestimated! Afterall a mortgage is the largest financial transaction you're ever likely to be involved in and you may well be stuck with it for a quarter of century, so choosing a mortgage that's right for you is vital!
On the last page we looked at some of the ways in which you can find a mortgage, and that our recommendation is to look online using search engines to find a mortgage broker such as ourselves. In fact we're confident that you've already found the right place for your mortgage. Let's take a look at why we think approaching a Mortgage Broker such as ourselves is your best bet when it comes to choosing the right mortgage for you
Why choose a Mortgage Broker?
So, why do we feel it's best to approach a Mortgage Broker such as ourselves here at Shire Direct, when it comes to choosing the right mortgage? Well in bullet-point fashion, let's take a look at what a good mortgage broker will be able to do:
- Work in your best interests and on your behalf.
- Be suitably qualified under the Financial Services Authority's (FSA) requirements.
- Assess your circumstances, needs and aspirations.
- Research the suitable mortgage plans on your behalf.
- Provide you with appropriate and suitable expert advice together with a recommendation.
- Save you endless hours of time, effort and money.
Shire Direct are of course regulated mortgage brokers, and directly authorised by the FSA. We are not tied to any mortgage lender, and will be happy to discuss your requirements, and provide you with a rapid in-principle decision.
Naturally we'll carefully assess your circumstances, needs and aspirations, and we take great pride in offering a very attentive and efficient service. We'll help you with completing all the paperwork and arranging an appropriate property valuation. We'll also liaise with the lender and will even organise a solicitor for you!
For more information on the role of the mortgage broker, and how they will benefit you, why not take a look at the following page from within our Mortgage Glossary...
Well, that wraps up our look at the importance of choosing the right mortgage for you and how a mortgage broker is likely to be in the best position to help when it comes to choosing a mortgage that suits you!
Next up we'll look at ways of repaying your mortgage.
NEXT: Repaying your mortgage ›
The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
