Should I use a mortgage broker?

A guide to using a mortgage broker by Furness Building Society

Benefits of using a mortgage broker

The mortgage market is incredibly competitive.  There are many different lenders like us here at Furness, as well as a wide range of different products and rates. 

That can make it difficult to work out your options, whether you’re a new or existing homeowner. 

This is where a broker can come in. A qualified broker will assess your personal and financial circumstances and help you identify the mortgage provider and product that’s right for you. 

If you’ve found this guide then you’re probably wondering whether or not you should use a mortgage broker. This guide will help you understand the benefits of using a mortgage broker and how to get the most out of the relationship.

Using a mortgage broker concept: Business man on the phone, sat at table with laptop and paperwork

What is a mortgage broker?

A broker is a mortgage advisor, sometimes referred to as an intermediary or ‘middle man’ who arranges a mortgage for you.

They work directly with you to help you decide the type of mortgage you need based on your current situation and future outlook. Then they’ll find a deal that matches your criteria and arrange the mortgage for you with the lender.

Who can use a mortgage broker?

Why should I use a mortgage broker?

What are other benefits of using a mortgage broker?

Is it better to use a mortgage broker in the current climate?

What about going direct to a bank or building society?

Are there different types of broker?

How much are mortgage broker fees?

Lenders that don’t work with brokers

How to find a mortgage broker?

When should I appoint a broker?

Next Steps

Hopefully, our guide has helped you decide whether or not you should use a mortgage broker. At Furness Building Society we work with a large number of brokers as well as having our own team of mortgage advisors. They’ll be able to discuss the benefits of using a mortgage broker with you and answer any questions you may have. Please get in touch by giving us a call on 0800 834 312.