What is a Mortgage Broker in Bristol?

Whether you’re navigating the complexities of mortgages as a first time buyer in Bristol or you already have some prior experience with property ownership, the term “mortgage broker” may either ring a bell or remain a mystery to you.

Engaging a mortgage broker in Bristol, especially during a home move, can not only simplify your task but also alleviate the stress associated with the process.

Mortgage Broker in Bristol vs Your Bank

Here, we’ll delve into the key distinctions between utilising a mortgage broker in Bristol and relying on your bank.

Mortgage Products

Opting for your bank in your mortgage quest means you won’t incur a broker fee, potentially saving you money. However, banks are limited to their in-house mortgage products, whereas a mortgage broker in Bristol can explore diverse lenders to uncover the best product for your needs.

As a mortgage broker in Bristol, we have access to a range of lenders, both high street and specialist, enabling us to seek out competitive mortgage options. During your complimentary mortgage appointment with us, we conduct a free affordability assessment to identify accessible deals for you.

Appointments

High street banks are often known for extended waiting periods to secure an appointment with a mortgage advisor, posing inconvenience, especially after having an offer accepted on a property.

Mortgage brokers in Bristol, like ourselves, offer flexible availability, allowing you to schedule a mortgage appointment at your convenience, even offering same-day availability on occasion.

Declined Application

If your mortgage application faces rejection from a high street bank, there’s a likelihood that other similar banks may follow suit. Mortgage brokers, with access to various lenders, including specialists, can explore alternatives tailored to your personal and financial situation if you’ve faced rejection.

If credit issues are a concern, our mortgage advisors in Bristol can guide you on improving your credit score and restoring financial stability.

Securing Your AIP

Banks and brokers share a similar turnaround time for obtaining an agreement in principle (AIP). Our mortgage advisors in Bristol can typically secure an AIP within 24 hours of your free mortgage appointment. If the AIP expires, simply reach out to us, and we can promptly renew it for you.

Customer Service

In terms of availability for queries or updates on your mortgage application, banks may not be readily accessible. On the other hand, contacting your mortgage advisor in Bristol is convenient, allowing you to receive quick responses and updates during the potentially stressful mortgage process.

Mortgage Broker in Bristol

As your dedicated mortgage broker in Bristol, our commitment is to guide you through every stage of your mortgage journey, regardless of your situation – whether you’re a first time buyer in Bristol or a buy-to-let landlord.

Our responsive service gives you the option to book a free mortgage appointment or arrange a call back online, putting you in control of your schedule. Alternatively, give our team at Bristolmoneyman a call, and we’ll connect you with one of our expert mortgage advisors in Bristol.

Date Last Edited: December 12, 2023