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Why use a mortgage broker?

How many times does the average person in the UK move house? Surprisingly, according to a recent poll from Zoopla it’s only once every 23 years. This has risen dramatically since the late 80s when the average was a little under nine years. Given this and the fact that about 85% of current mortgage stock in on fixed term deals, the average person’s experience of finding a new mortgage is limited. For something as important as a mortgage it makes sense to get expert help from someone who deals with them day in, day out.

So, what is stopping more people from using mortgage brokers? One reason is that it is now for more straightforward to get mortgage quotes. The rise of comparison websites has made it possible to get the rates for a wide variety of mortgage deals in a matter of few minutes.

However, when it comes to mortgages, rates are just part of the picture. Each lender has their own underwriting criteria, which is often extensive. According to Experian, lenders reject a third of customers using comparison sites as they do not meet their full lending criteria. A mortgage broker will gather all the information necessary and only present deals that you qualify for, preventing any unnecessary disappointment or delays.

This is just one reason to use a mortgage broker, here are four more.

Removes the hassle

Mortgage consultants at Springtide Capital take the time to fully understand the needs of each client, so they get to know what you need not just now but in the future. They do all the hard work for you, gathering the required information and documentation to conduct research with more than 100 lenders to find the most suitable deal for you.

No one enjoys completing forms, especially for something as involved as a mortgage. Once you’ve made an informed choice based on a complete picture of the options available, your consultant will prepare and submit your application for you. They’ll follow this up with a personalised report setting out and confirming their reasons for their advice and recommendations.

Dedicated support

Alongside your mortgage consultant, Springtide Capital will allocate you a dedicated case manager. They will ensure your application proceeds as smoothly and speedily as possible, they follow up with lenders through every step of the process. They can also liaise with third parties, such as solicitors, saving you valuable time and reducing additional worries at this already stressful time.

Providing peace of mind

When there are so many uncertainties in the world, understanding how you can protect your mortgage payments and safeguard your home if the worse should happen is vital. Our in-house protection specialist can review and arrange the appropriate cover for personal and/or business customers ensuring you are completely aware of the risks and how best to mitigate them.

Superior service

Springtide Capital has one overriding objective – to make sure you never pay more than you need to. Your mortgage consultant’s role doesn’t stop once a deal is complete, this a long-term partnership. It is their job to always be looking forward, proactively monitoring rates ahead of your renewal date to ensure you act quickly, at the right time, to get the right price.

At Springtide Capital our experts monitor all market indicators closely, helping clients to find the best possible options for their circumstances. Speak to us today to see how we could help you find the solution that’s right for you.

To discuss your mortgage requirements today contact Springtide Capital on 020 8154 7280.


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We can help you decide the best option for you. Get in touch on 020 8154 7280.