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Are mortgage brokers worth it?

are mortgage brokers worth it

Are mortgage brokers worth it? Well, as we're mortgage brokers ourselves, there are no prizes for guessing what our answer is going to be... Yep, it will come as no surprise that we strongly recommend using a mortgage broker when you're looking for a mortgage. Here are some of the biggest reasons why...

A mortgage broker will help you to find a mortgage that suits your specific circumstances

There's a huge range of choice when it comes to mortgages and it can often be difficult to know what to look for or what's going to meet your needs best. Mortgage brokers must have specific mortgage advice qualifications, approved by the Financial Conduct Authority (FCA) in order to practice.

This means they're experts in their field and better equipped to find you a product that will fit your circumstances, whether you're looking to remortgage, you're self-employed, have poor credit or you're a first time buyer..

Mortgage brokers have access to products that aren't available elsewhere

Brokers are also worth their weight in gold, because they know key details about lenders' criteria.

Money Saving Expert

Some mortgage products are only available through a mortgage broker, so you may be missing out on a better deal if you go it alone.

Your mortgage will probably be the biggest financial commitment you ever make, so it's a good idea to give yourself the best chance of finding the right one.

Mortgage brokers reduce the hassle of getting a mortgage

Aside from the complexity of finding the right mortgage, the whole process can just be a real hassle because of all of the paperwork involved. When you work with a mortgage broker, they can help you through the red tape and give you support with the administrative side of getting a mortgage.

Mortgage brokers have a duty of care

At the end of the day, you want to avoid risk - and working with a mortgage broker can feel scary - especially if you don't know them well. The good news is that all mortgage brokers are obliged to recommend a suitable mortgage - and be able to justify their choice.

If you feel you've been misadvised, you can complain and seek compensation.

We're up front about fees

This won't be the case for all mortgage brokers, but here at BB Mortgages, we don't charge you a fee for a consultation with one of our advisers. There may be a fee for mortgage advice and a fee of £295 may be payable on completion. Mortgage providers also pay us a commission.. The actual fee charged is based on your circumstances.

Are mortgage brokers worth it? We definitely are!

If you're looking for a mortgage then we'd love to help you find the right deal. Book a free consultation with one of our friendly advisors and we'll take it from there.

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We'd love to chat to you about finding you the perfect mortgage for your needs. Click below to book your free consultation with one of our expert advisers.

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Ellen King

Absolutely delighted with the service we received from Dean. The advice we received was timely and thorough; the service provided went above and beyond our expectations compared to other mortgage advisors we have used in the past and the whole application process was made straightforward and stress free. Overall, an excellent value for money service that I would highly recommend.


Ellen King

BB Mortgages
2019-09-04T15:53:10+01:00

Ellen King

Absolutely delighted with the service we received from Dean. The advice we received was timely and thorough; the service provided went above and beyond our expectations compared to other mortgage advisors we have used in the past and the whole application process was made straightforward and stress free. Overall, an excellent value for money service that I would highly recommend.

Miss Knight

We would like to take this opportunity to thank you for your efforts in making it possible for us to purchase our first property.  You have been brilliant and your services have been friendly, helpful, swift and professional.  We cannot thank you enough and it has been an absolute pleasure working with you.  What is known to be a stressful time has been very smooth and I have yourselves to thank for this.


Miss Knight

BB Mortgages
2016-03-22T17:24:36+00:00

Miss Knight

We would like to take this opportunity to thank you for your efforts in making it possible for us to purchase our first property.  You have been brilliant and your services have been friendly, helpful, swift and professional.  We cannot thank you enough and it has been an absolute pleasure working with you.  What is known to be a stressful time has been very smooth and I have yourselves to thank for this.

Mr L

Mr L hadn’t sold his house but had found the house of his dreams, we arranged a mortgage that allowed him to buy his new house without selling and a mortgage that was flexible enough for him to pay a large amount off when he sells his house.

BB Mortgages
2016-09-13T12:38:09+01:00
Mr L hadn’t sold his house but had found the house of his dreams, we arranged a mortgage that allowed him to buy his new house without selling and a mortgage that was flexible enough for him to pay a large amount off when he sells his house.

Miss G

Miss G sold her house and had found a new house, it all looked straight forward but she had a historical bankruptcy which meant lots of lenders were declining her. We found her a mainstream high street lender that would offer a mortgage even with her previous bankruptcy.

BB Mortgages
2016-09-13T12:43:22+01:00
Miss G sold her house and had found a new house, it all looked straight forward but she had a historical bankruptcy which meant lots of lenders were declining her. We found her a mainstream high street lender that would offer a mortgage even with her previous bankruptcy.

Mr W

Mr W works abroad but wanted to buy a buy to let property, most lenders will require him to own and live in in a mortgaged property in the UK, however we found a lender that would lend at sensible interest rates for a new buy to let purchase.

BB Mortgages
2016-09-13T12:48:10+01:00
Mr W works abroad but wanted to buy a buy to let property, most lenders will require him to own and live in in a mortgaged property in the UK, however we found a lender that would lend at sensible interest rates for a new buy to let purchase.

Mr C

Mr C wanted to buy a student house in Lincoln via a limited company to take advantage of the income tax benefits of this. He spoke with other brokers and high street lenders all of which said it wasn’t possible. We found a building society who specialise in this with sensible fees and interest rates.

BB Mortgages
2016-09-13T12:49:06+01:00
Mr C wanted to buy a student house in Lincoln via a limited company to take advantage of the income tax benefits of this. He spoke with other brokers and high street lenders all of which said it wasn’t possible. We found a building society who specialise in this with sensible fees and interest rates.
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BB Mortgages, Newark

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