We caught up with Prabhakar Kapadia CeMAP, Mortgage & Protection Advisor, at P&M Financial
Why do you need a Mortgage Broker?
Well like anything in life, we cannot know everything about everything! Whilst mortgages are not rocket science, however, they are a specialised Industry. As such we need to be professionally qualified and anyone that needs a qualification, generally means it is not as simple as everyone thinks!
What’s makes a good Broker?
Do they talk in plain and simple English to you? Do they respond to you in a timely fashion? Do they explain why they have picked a lender? Do they answer your questions straight away? Do you feel comfortable they are acting in your best intentions? If so, then chances are you have got a “good one!”
If not, well then you really need to find one, he/ she will plan out what you are trying to do and not just look at the short term plan, but how this fits in with your long term goals too. A mortgage is for life (well generally your working life) and not just for Christmas!
So many products out there (except 90% Loan to value right now!)
So how do they pick the right mortgage for you?
Well that is where the broker earns his/ her stripes! There are several ways to sort a mortgage and I can assure you the cheapest monthly payment or rate is often not the right or cheapest deal overall!
For more information or to get your Free Mortgage Review, drop us an email or book directly on our website a Zoom call, we look forward to helping you moving forwards.
