One year ago, Mortgage Market Review came into place. It was supposed
to protect both lenders and borrowers by vetting borrowers more
rigorously so that lenders could make better lending decisions. But has
it done so? One of the most obvious effects of MMR was the fact that
borrowers were asked so many questions about their finances that they
felt it was simply too intrusive. There have been other problems as
well; the strict vetting is locking out people who can afford mortgages
and the effect of that has been fewer mortgages and re-mortgages.
So how do you make sure that you get a mortgage or re-mortgage when you
need one? The best thing to do is work with a mortgage advice company
such as Mortgage Advice Services. In the past year alone, since MMR came
into effect, they have helped many people secure mortgages when they
would have otherwise failed. Their job is to make sure that when lenders
look at your application for a mortgage they see that you are in good
financial health. They come with an additional advantage – since they
have worked in the industry for so many years they are in touch with
many vendors and they are usually able to get mortgages for their
clients at very reasonable rates. Here are additional benefits of
working with Mortgage Advice Services:
• You do not pay a broker’s fee. This is pretty rare. Most mortgage consulting companies require that their clients pay them a broker’s fee.
• They also do not charge an admin fee. Again, this is pretty rare.
• You get your own Home Insurance Adviser. This is your go to person
in case you have any concerns or queries. They are also the person who
will look at your finances to determine how they should be organized to
maximize your chances of getting a mortgage or a re-mortgage.
• You Home Insurance Adviser comes to you and not the other way around. They can visit you at home or in your office.
• The company offers legal advice when it is needed, they will give
you some money to compensate you in case of domestic accidents such as
failing of the AC and they also provide keycare.
You can find out more by calling them on 01332 257 087 or visiting
their website, http://www.masinsurance.co.uk/Labels: benefits of re-mortgaging, buildings insurance, first time buyers, fixed rate mortgages, help to buy re-mortgage, independent mortgage advisers, mortgage advice nottingham
