Home finance misunderstandings resolved with mortgage broker, Deal Direct.

Independent mortgage broker, Deal Direct, have accumulated over 10 years’ worth of mortgage wisdom, gained in guiding our clients through the home finance maze. During this time, it has become clear to us that there are a number of misunderstandings people commonly have that can get in the way of finding the right mortgage deal; for example:   

You need a large deposit. Generally speaking, the larger the deposit you have, the better the mortgage rate you can secure. However, in these times of record-low mortgage rates, shopping around with our help can really pay dividends. Even if your deposit amounts to 5% of the property value, excellent mortgage rates are available.

You must have at least 6 months’ history in your current employment. This may be true for some lenders but others have alternative loan criteria, meaning that where one lender might decline, another could approve. The main thing to bear in mind is how much continuous employment you can demonstrate, particularly if you want to gain approval to change your mortgage rate.

You have to change lenders to obtain a remortgage. This is a common misunderstanding we see a lot at Deal Direct. What mortgage holders do not realise is that their present lender may offer a special deal to their existing customers to reward their loyalty. This is one of those little-known facts that our experienced advisers can shed light on. We also compare lenders’ deals on a like-for-like basis so you know the true cost of switching, or not, after taking such things as discounts, cashback and product fees into consideration.

Consulting with mortgage broker, Deal Direct, means being able to resolve any mortgage questions you may have, quickly and easily.

For mortgage advice you can trust, call 0800 048 8828 today.