Which? Mortgage Adviser’s response to research by technology provider Iress, regarding 78 per cent of mortgages were introduced by intermediaries in 2015.
David Blake of Which? Mortgage Advisers comments:
“Arranging a mortgage these days can become a very complicated process and therefore, it’s no surprise people have steered towards the expertise of professional mortgage advisers as opposed to going it alone to arrange a mortgage. The benefit of using a professional to arrange your mortgage should not be underestimated, and can often be the difference between buying the property you want or missing out.”
It’s important to check whether a mortgage broker is independent, if they’re tied to a particular lender or a panel of lenders, and if they’re able to compare direct deals (deals which can only be taken out by the borrower, rather than through a mortgage broker).
Which? Mortgage Advisers will compare direct and broker-only deals and search over 9,000* mortgages and we offer independent and impartial advice to find the mortgage that is right for you.