A truly independent mortgage broker can get you a great deal and save you a massive sum of money.
Independent mortgage brokers have a better chance of finding you the best deal on your mortgage, because put simply, they have the widest selection of mortgages to choose from. They review the whole market to come up with the mortgage that will best suit your specific needs.
Tied and multi-tied mortgage brokers are affilliated with certain providers and can only offer mortgages from these companies. This isn't to say that they are less skilled or don't have the ability to get you a good deal on a mortgage. However, because they only offer mortgages from one or a small handful of providers, you can't be sure you're getting the best deal available.
The UK housing market can fluctuate often, meaning getting the skilled and unbiased advice of an independent mortgage broker is incredibly beneficial. They can tell you exactly why you should opt for a certain mortgage and the benefits it can offer you both in the immediate and the long term.
Many consumers are now looking for the best mortgage deal themselves with the internet offering the tools to do so. Price comparison sites offer people the chance to review the whole market themselves to see what deals are around. This has allowed many web savvy consumers to get excellent rates and offers. However, there's no substitute for talking to a skilled independent mortgage broker and listening to their advice.
We have more information on mortgages and can also divert you to places you can find the best independent mortgage brokers.