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If you’re asking yourself “are mortgage brokers worth it?” – you’re not alone. Many people wonder whether they should go direct to lenders or use a broker to secure their mortgage. The short answer? For most people, a mortgage broker can save you time, stress, and often money while finding you a mortgage that fits your circumstances.
Let’s break down exactly what mortgage brokers do and why working with Connely Roberts Mortgage Services could be one of the most valuable decisions you make in your home-buying journey.
A mortgage broker acts as an intermediary between you and the mortgage lenders. Rather than approaching banks and building societies directly, a broker does the legwork for you – they will use their knowledge of lenders criteria, along with their relationships across the market to ensure you get the most suited product to your circumstances.
They assess your financial circumstances, understand your goals, and will navigate the complex mortgage market on your behalf. This includes everything from initial research through to submitting your application and liaising with lenders until completion.
Here’s something many people won’t realise: you can’t access every mortgage product by going direct to lenders. Some lenders in the market work exclusively with brokers, and some lenders will offer exclusive rates through brokers only – meaning you could get a cheaper rate than seen on comparison sites.
A broker has access to thousands of mortgage products across the entire market. This means more options, potentially cheaper rates, and products specifically designed for your circumstances – this can be particularly useful if you’re a contractor or self-employed.
The mortgage application process can involve a substantial amount of paperwork, your broker should know exactly what the lenders require which should result in faster turnarounds. For contractors and self-employed professionals, the requirements can be even more complex. A broker manages all of this for you, ensuring everything is submitted correctly the first time.
They will also handle communication with lenders, solicitors, and estate agents, chasing progress which results in a more stress-free process. Instructing a broker will mean you can carry on with your busy day/life, whilst they deal with the hard work in the background.
Mortgage rates vary considerably, and a small difference between products can result in thousands of pounds over the term of your mortgage. Brokers have access to tools such as sourcing systems which will compare various aspects of the product to ensure you’re getting the most cost effective mortgage. They will also use their knowledge to ensure that you’re applying to a lender who can actually consider your application based on their lending criteria.
This expertise prevents wasted applications and credit searches, protecting your credit score while maximising your chances of approval.
While almost anyone can benefit from using a mortgage broker, they’re particularly valuable in certain situations:
Navigating the mortgage market for the first time can be overwhelming. A broker explains the process in plain English, helps you understand how much you can borrow, and guides you through the application process to ensure you are kept in the loop, every step of the way.
If you’re taking your first step onto the property ladder, working with specialists like Connely Roberts Mortgage Services ensures you get the right mortgage without the stress.
If you’re self-employed or work as a contractor, you might find that high street lenders can be challenging. They often don’t understand how to assess your income properly, particularly if you have multiple income streams, work on a contract basis or are self-employed.
Specialist brokers understand exactly how to present your income to lenders and know which providers are most flexible with self-employed and contractor applications. This expertise can be the difference between approval and rejection.
Perhaps you have adverse credit, a smaller deposit, or you’re buying an unusual property. These situations all require specialist knowledge and lender relationships that only experienced brokers possess.
Ensure they’re registered with the Financial Conduct Authority (FCA). All brokers who advise on residential mortgages must be regulated.
Do they have access to just a limited lender panel, or do they have a wide panel of lenders? More options generally mean a more suitable deal for you.
Some brokers charge a fee, others just rely on a commission from the lender. Make sure you know the costs upfront.
If you have specific circumstances – like being self-employed or a contractor – choose a broker who specialises in that area.
Client feedback tells you a lot about the service you can expect.
A good broker should explain things clearly and be responsive to your questions.
At Connely Roberts Mortgage Services, we’re the home of specialist lending. We don’t just process applications – we solve problems and find solutions for clients whose circumstances fall outside the “standard” box.
Our expertise spans:
We have a team with over 25 years combined experience in the industry, this means we don’t just find you a mortgage – we find you the most suitable mortgage for your unique circumstances.
“Connely Roberts Mortgage Services have been absolutely fantastic throughout my mortgage journey. They’ve been incredibly reliable, always available when I had questions, and consistently provided clear, informative advice that made the entire process so much smoother. The knowledge and professionalism gave me real peace of mind, and I truly felt supported every step of the way.” – Mahendran
Absolutely. A mortgage broker saves you time, reduces stress, and can help you to secure a more suitable deal than you’d find on your own. For anyone with specialist circumstances – particularly self employed applicants and contractors, they can be worth their weight in gold.
The mortgage market is vast and complicated, but you don’t need to navigate it alone. With Connely Roberts Mortgage Services by your side, you’ll have expert guidance, speedy advice and a 5* team working with you to ensure you get the most suitable mortgage.
Ready to get started? Let us show you exactly why mortgage brokers are worth it.
Contact Connely Roberts Mortgage ServicesPlease fill in your details below and a member of the team will aim to call you within 24hrs to discuss your specific needs.
Speak with a broker who knows contractor and self-employed mortgages inside out.