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Why Mortgage Brokers are better Than Price Comparison Sites

With the increasing amount of price comparison sites that have popped up over the past few years, many people seem to be making the mistake of using a price comparison site instead of a mortgage broker.
Price comparison sites are often promoted very well so it is no surprise that many people use them, but there are certainly flaws in this way of finding a mortgage that may lead to you not actually getting the best mortgage for you.
In this blog post, we’ve pulled together some of the reasons that you should be using an experienced mortgage broker over a price comparison website.
Expert Advice
Mortgage brokers are often experienced in their field and have most likely learned more about finding people the best mortgage than you’d be able to learn yourself, no matter how deep you research.
Even if the mortgage application process seems simple to you, you can be sure that a mortgage broker will be able to have a valuable input. Additionally, mortgage brokers can provide advice that is personalised to each case, taking into consideration your personal circumstances, meaning you can get all of the information and advice you need to find the best mortgage for you.
In comparison, price comparison sites don’t provide this information, simply offering advice that is applicable to as many people as possible.
The information that price comparison websites offer is mostly based on price, and any other factors that may affect the mortgage that you could choose (of which there are many), are simply ignored.
Exclusive Deals
As well as finding borrowers the best deals, mortgage brokers also work to find exclusive mortgage deals from providers. These offers aren’t available on price comparison websites and may turn out to be the best mortgage that you could get so if didn’t use a mortgage broker then you may miss out on these.
Protection
A mortgage broker has a duty of care for all those that they are providing advice to. Although a mortgage broker will always strive to give you the best advice, you have the insurance of knowing that if they don’t provide advice that you think is adequate, you can complain and may even be compensated.
However, if you were to find a mortgage through a price comparison site and choose it by yourself, later on if turns out to be unaffordable then you won’t have that extra layer of protection.
Here at Search Mortgage Solutions, we have a whole team of professional and experienced mortgage brokers who can help you find the best mortgage for you. If you are looking for a mortgage broker in Birmingham then look no further than us! If you would like some more information about our services, feel free to contact us and we’ll be happy to help.

 

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Below is just some of the many lenders we work with to get you the right mortgage.

Halifax   & Nationwide Building Society
Santander
Aldermore   & Skipton Building Society
Leeds building Society
Natwest
Scottish Widows
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Business as Usual COVID-19 Update
Currently we are operating as normal, we have put a number of procedures in place to help mitigate the spread and limit the impact on the companies operations. Our staff are fully equipped to work remotely from home to answer your mortgage related questions. Your safety and well-being is of the utmost importance to us and so we are closely monitoring the situation with COVID-19 and the mortgage market. If you have any questions related to a new or existing mortgage then we are a mortgage broker that is happy to help answer them. Thankfully, none of the Search Mortgage Solutions team has been directly affected by COVID-19 and we have taken preventative measures to ensure this remains the case, which includes our staff working from home where necessary.
I want to reassure you that our service will continue to function as normal. All enquiries will still be responded to, and all staff will have full access to all the resources they need.

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