What Does A Mortgage Broker Do?

What do we do?  

As a mortgage broker, we understand your circumstances and recommend the most suitable mortgage and protection products for your individual needs. At Mortgages by McAteer, we set ourselves apart from other mortgage brokers by helping you through your mortgage process every step of the way. From helping you negotiate on a property, to recommending a solicitor and busting any mortgage jargon. 

Despite what our name may suggest, we aren’t just here to find you a mortgage deal. Our brokers will be with you every step of the way, right until you have your perfect home; and actually, finding the deal is a very small part of what we do. 

Is it a good idea to go to a mortgage broker?

With so many options of online calculators and high street banks, you might be wondering if it’s a good idea to come to us as a mortgage broker instead. 

To put it simply, if you want to save yourself time and money, then it’s definitely a good idea. 

We save you both time and money when it comes to your mortgage application by knowing our market inside out – so we can place you with exactly the right lender based on your personal circumstances and find you the most effective and efficient deal we possibly can. 

Lender criteria also changes regularly, particularly in the current climate due to the coronavirus outbreak, so it’s even more reason to approach a broker who knows what’s happening with the market at any given time. 

How do you choose a mortgage broker? 

The most important thing you can do when it comes to choosing the right broker is to do your research. Mortgages are an incredibly subjective and personal element of finance, so it’s important you know and trust the person you’re going to be dealing with. 

Recommendations are a great way to secure an efficient and suitable mortgage broker – if someone you know had a good experience, it’s likely you too will be in good hands. 

Most brokers will offer a free initial appointment, so you can gauge whether they will be the right fit for you before you sign on the dotted line. This is a great way to ensure you feel comfortable before you make any commitments. 

What do you get out of an initial consultation with Mortgages by McAteer?

We offer a free 30 minute phone call or face to face appointment in our Preston branch, which is where we get to know your circumstances, gauge how we can help you and let you know what may be possible. 

After this we would need to see certain documentation, such as payslips to assess your affordability and take you a step further to securing the right mortgage deal for you. 

Any costs you will incur are made explicitly clear from the outset; so you will know exactly what you will need to pay for and why. 

When should you speak to a mortgage broker? 

We believe you should speak to a mortgage broker as early as you can. 

As soon as you start thinking you’d like to buy a house, even if you haven’t got your deposit ready, it’s extremely useful to approach us; we can explain the costs involved and what deposits are required, so there will be no nasty surprises for you when it comes to embarking on your mortgage journey. 

What other services do we offer? 

Protection is an extremely important element of a mortgage process and most brokers will offer protection expertise and services alongside their mortgage advice, whether it’s life insurance, income protection or buildings and contents insurance. 

If there’s an event that could impact your ability to pay your mortgage, or if there’s a problem with your property, you want to make sure you’re fully protected. 

Protection is optional, but it’s a conversation we have with all of our clients at Mortgages by McAteer as we believe it’s incredibly important. 

Why purchase a property in Preston? 

Mortgages by McAteer is based in Preston, so although we deal with mortgages in various locations, we spend a lot of time advising on houses within the Preston area. 

Preston is within an hour’s drive from Manchester and Liverpool so it has great, accessible connections to two major cities in the north west, making it a good home for commuters and professionals. 

With The University of Central Lancashire on the doorstep, Preston is also a great opportunity for buy to let landlords looking to rent to students. 

Get in touch 

Head to the contact form on our website and fill in your details to get in touch with us. A friendly Mortgages by McAteer broker will then contact you as soon as possible to start your mortgage journey!