I need a mortgage.
I think the best place to start is my high street bank, right?
Did you know that high street banks aren’t the only provider of mortgages?
Although your high street bank could probably organise a mortgage for you, you will only be offered a limited number of options, all of which will be a product from YOUR bank. This may not be the best option for you. By going elsewhere, you could find a cheaper, more flexible mortgage with a different lender which better suits your situation.
Lenders come in all shapes and forms and include building societies, specialist lenders, private banks and credit unions, as well as the traditional high street banks.
So what should I do?
Go and speak to a mortgage broker, preferably an independent one who has unlimited access to 1000s of mortgages on the market. A mortgage broker can take a detailed brief from you on your needs and personal circumstances and then search the whole mortgage market to find exactly the right mortgage product for you. They’ll help you with the application process and support you through to completion.