Back to guides

Why use a mortgage broker?

Clock Icon

2 min read

We believe using a mortgage broker is more beneficial than going directly to a lender. Purchasing a house is likely to be one of your biggest, long term financial commitments so it’s important to get it right.

Horizontal Rule
Mortgage IQ Team
Mortgage IQ team

Last updated: 25 January 2022

Access to products

A bank will likely only be able to advise you on its range of products. One of the biggest advantages of arranging your mortgage with a broker, is the huge range of lenders and first charge mortgage products from across the market, made available to mortgage intermediaries, we have access to – right at our fingertips.

Having connections with such a huge pool of providers means that we can assess and compare the most competitive mortgage products and deals available, with your specific circumstances and needs in mind, making sure we know what lender criteria you satisfy before putting an application in.

We will also have access to broker exclusive deals that banks cannot access.

Experience

We have gained industry experience and knowledge across the market, If you find yourself in a difficult or unique situation, for example, you have a history of adverse credit or are seeking a mortgage on a unique property type, the chances are your bank or building society won’t give you the time of day. We have access specialist mortgage providers covering almost every niche you can think of – even for those who’ve suffered severe cases of bad credit.

Expert advice

Unless you have in-depth knowledge and experience in the field, knowing where and how to start your mortgage hunt can be very overwhelming; this is where a broker can be invaluable.

Helping you every step of the way

A mortgage broker won’t just advise on your mortgage. We have a duty of care to advise on any related life assurance, income protection or even buildings and contents cover. We can recommend insurance based on your circumstances to make sure that you are protected in the event of death, critical illness or having to take time off work due to illness

Speak to one of our expert IQ advisers today.

 

Your home may be repossessed if you do not keep up repayments on your mortgage.

Contact us

Our team are here to answer your questions, explore your options and help you find the solution to your mortgage and protection needs..

Compare mortgage quotes

Have an initial look at some mortgage options, you can discuss these with one of our expert advisers who have top industry knowledge to help you navigate the mortgage minefield.

Compare

Mortgage Calculator

Use our simple mortgage calculator to see how much you could potentially borrow. Remember this is indicative only, speak to an expert adviser for a full calculation, specific to you.

Learn more

Stamp Duty Calculator

It is important to consider other costs. Stamp Duty is a tax you might have to pay if you buy a residential property or a piece of land in England and Northern Ireland. Use our calculator to find out how much this may cost.

Learn more
IQ & Co

Invested in you.

IQ&Co provide a wide range of services whether you are looking to build, grow, protect or preserve your wealth.