Mortgage Broker Blackpool – A Local Touch
Blackpool is well known for being a hub of bright lights and tourists. But it is also a popular place to live. Blackpool has a gorgeous coastline and is close to some stunning green areas. With many transport links, it is easy to get to and is a recognised British Holiday destination. So if you are looking for your first home in Blackpool, a remortgage, buy to let mortgage, or even a better mortgage deal, then A CS Mortgage Solutions Broker in Blackpool can help you get access to the wider mortgage market with tailored mortgage advice to suit your personal circumstances.
What does a mortgage broker do?
We can do many things, which save you time and money when applying for a home loan. We ask you several questions to ensure that you are prepared for your mortgage and that we present your application in the best possible light. We will review your credit file and history with you, to ensure that there is nothing in there that will cause you problems.
Some questions about your finances:
- Have you previously had a mortgage?
- What is your budget?
- What are your monthly payments?
- The length of time you have been in your current job?
- What is your total income?
- Do you have any debts? How much and what are they?
We would also check your deposit amount and how that money has been saved. This again is to remove any potential for issues further down the line and also be able to give a better indication of how much you would be able to borrow and the right lenders for your circumstances.
They need to get a good understanding of your needs so that they can do their job well. You may benefit from a number of conversations with your mortgage broker either in their local office, or you may prefer to call them.
Mortgage Brokers vs. Bank Lenders
Brokers are dedicated financial professionals and are used to handling everything from first time buyers and home loans for people with bad credit. They look at the situation as a whole and will compare many different mortgage lenders for you. While mortgage brokers are often smaller than banks, they are well-positioned to offer you a more comprehensive overview of your situation and provide you with more options than a bank who is limited to the number of products they can offer.
What are the benefits of using a mortgage broker?
Mortgages can be complicated, we can help clear up anything you are unsure of. There are several benefits to working with a mortgage broker:
We have access to hundreds of loan products and information about all of them. A mortgage broker’s experience and network will be in your favour. This will mean you are more likely to get the ideal mortgage product for your needs.
A mortgage broker will identify your needs and find the best loan products, including the most advantageous interest rates, mortgage rates, repayment options, and length of the loan.
When working with a mortgage broker, you will only need to fill in one application, rather than multiple forms for mortgage lenders. This saves a lot of time. Your mortgage broker will provide you with a formal mortgage lender comparison, loan recommendations, current rates, closing costs for each of the loans, and more.
Mortgage brokers will shop around for the most appropriate mortgage deals; these will include:
- Bad credit mortgages
- Self-employed mortgages
- First Time Buyers
- Protection Policies
What are the benefits of using a local broker?
When you are trying to find a mortgage broker, a local mortgage broker has many advantages. Knowledge of the location can mean that prospective buyers get information that isn’t available online. This includes crime in the area, the schools, local issues that may appear in the next year. Local brokers provide more tailored advice, and their offices are usually close to the home that you are hoping to buy—making it convenient for you the buyer.