If you are currently looking to remortgage your home or take out a secured loan, even if you have poor credit problems, then it may well be in your interests to use a mortgage broker.  They are able to search the market and get access to deals that are not available on the high street and they will do all this for you with no obligation!


You may we still be wondering why not just go to the high street lenders yourself but there are many benefits to using a broker:

  • In the current credit crunch, they are fully aware of all the deals that are currently on the market.  These can change from day to day and they can advise you on when the deal will be over ensuring you get it if you want it.
  • Most banks are currently tightening up their lending criteria making it harder to get loans but a broker will know the best lenders to get you your product
  • With a broker you only have to go through the process once and then the broker will approach all of the lenders.
  • The broker will know the best lenders for your exact individual situation.  This is especially true if your circumstances are not straight forward or if you have credit problems.  Some specialist lenders are not available on the high street.
  • The broker may also have details on the latest special offers available, sourced from around the market. These deals are sometimes not available directly from the lender.
  • If you are still tied into your mortgage then a broker can give you details of a secured loan that may be a good option at the moment as secured loan tie-in fees have been reduced as detailed in this article.