There are Mortgage Funds Available to Borrowers
It is important to stress that mortgage funds are still available. There is a general perception that mortgage funds are not available to borrowers. A reason for this negative perception is because a lot of banks have tightened their criteria to walk in customers, cherry picking the most suitable clients for their books.
It is in this time where mortgage advice is ever so more important. Lenders are not throwing money to everyone who wants a mortgage. On the high street if you go into a bank you will not get whole of market advice and if you do not meet banks/building society criteria then you are told you cannot get a mortgage.
Mortgage lenders have had to become more stringent and sensible with their lending criteria however there are more lenders than what are on the high street with more generous criteria. This is where mortgage advice is essential so that you can use the expertise and experience of a specialist who knows the mortgage market and the various products available.
Intermediaries are used by mortgage lenders because they provide valuable advice and can provide products that are more innovative and flexible than the high street. The mortgage advisor is the one stop shop who can search across the market not just for the cheapest product but also for a product that has the right income multiples, adverse credit criteria, debt criteria, etc, ultimately aligning a lender with your personal situation and demands.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
There may be a fee for Mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £250