Articles
Cheaper rates versus cheaper fees
As a mortgage broker, it’s important that we make sure our clients get the best value mortgage option that is available to them.
This where a broker really comes into their own. A thorough understanding of the market is a very helpful commodity as the answer is not clear-cut; there is no one-size-fits-all solution.
Mortgage lenders will target various markets via low or no fees, good headline rates and potentially better rates for borrowers who are looking for higher sums of money.
Robo Advice: is it right for you?
The term ‘robo advice’ is increasingly used in the financial services industry. So, what is it? And what are the implications of using it? More importantly, could it work for you?
As with most things in the world of financial advice, the answer to this last question is not black and white. There are pros and cons for every type of service on offer. If everything in financial services was straightforward – one-size-fits-all types of products or services – there would be no need for financial advisors at all. But it isn’t – and there is.
Mortgages and relationships
A mortgage is very likely the largest financial commitment most of us will make in our lifetimes, so if you are making that commitment with a partner – whether or not you’ve made other commitments already, such as marriage or having children together – it requires additional preparation and much discussion.
The mortgage market: lenders and their existing clients
It is an odd anomaly in the mortgage market that banks and building societies have traditionally tried much harder to attract new customers than look after their existing ones.
We say ‘odd’ because in the world of finance, the process and cost of looking after existing customers – particularly those who have a good track record – makes it a much simpler transaction for the lender.
Potential benefits of using a broker
The regulation changes in the mortgage market since 2014 have made all of us adapt our processes; however, in truth, for brokers it has merely honed the values and principles we already held. For some banks and building societies however it has been quite a culture change.
