First off, the obvious shocking headline from a mortgage broker by trade; use a mortgage broker. Or to be absolutely clear, please at least speak to one or two.
Over 85 per cent of borrowers choose to use a broker these days and that says more than anything else.Using a broker is only part of it though, and it helps to do some research yourself. Check you know exactly what your own bank or existing lender will offer you, plus check out one of the well-known search sites as a guide. This will all help in your conversations.
‘A property to live in is a long-term home to build a life and memories in, not a short-term money-making toy’ To make sure you stand the best chance of getting the best rate, preparation is essential. Apart from the fact that sometimes you need to move quickly to secure a rate, getting all the documentation ready and in good order helps a lender make a decision.