Is a remortgage broker right for you
A remortgage broker negotiates on a borrower's behalf to achieve the best remortgage deal possible. In deciding on whether or not a mortgage broker is the right choice for you a few factors need to be considered.
What can a remortgage broker offer that a bank cannot?
A broker will provide objective advice and guidance throughout the mortgage process. As brokers are not linked to a single provider they can review the whole market to find the best products to suit home-owners specific needs. A broker may also be able to negotiate a deal far more attractive with a lender than a borrower working on their own.
How independent is a remortgage broker?
Some brokers work with just about any lender while others work with a smaller pool of lenders who are representative of the market. To ensure a broker has complete freedom ask if they are 'whole of market'.
Deal direct are a whole of market broker.
Is the remortgage broker regulated by the FSA?
It is important that borrowers do their checks and ensure their broker is authorised and regulated by the Financial Services Authority (FSA), this can be done by checking the FSA website.
Deal direct are a regulated by the FSA.
