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Should military personnel use a mortgage broker or deal direct?

Should military personnel use a mortgage broker or deal direct?

Posted on 27/02/2020

Paul Hemingway

Filed under Money

With so many mortgage deals and types of mortgages on the market available, how can you ensure you find the right one for you?

You could decide to go direct, searching the market yourself and approaching a lender directly for a specific mortgage deal. Lenders may provide advice, but only on the products they offer. Going direct could save you money as you’re not charged fees that some brokers charge for mortgage advice, but only if you know what mortgage is best for you.  You could arrange a new mortgage with your existing bank or building society, but you could be limited solely to their own mortgage products, significantly restricting the deals available to you.

What is a mortgage broker?

A mortgage broker is a person or company that arranges a mortgage between you (the borrower) and a mortgage lender.

They will:

What are the benefits of using a broker?

What are the disadvantages?

What types of mortgage brokers are there?

There are three different classes of mortgage brokers they are:

As a member of the Armed Forces, you get access to our free Mortgage Advice Service

Like most brokers, we get paid by the lender when your mortgage completes. The good news is that unlike others, we choose not to charge you a fee on top of this. Even better we provide:

Our expert mortgage advisors have helped thousands of people like you to find the right mortgage deal, you just have to make one phone call to get things moving. For free mortgage advice call us today, it could be the most valuable call you make all year.

Call 01543 440 944

Lines are open: Mon-Fri 8.30am-5.30pm

Your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgage Excellence Plc, trading as Forces Mutual, is authorised and regulated by the Financial Conduct Authority. Registered in England & Wales No. 03527577. Registered office: Alexandra House, Queen Street, Lichfield, Staffordshire, WS13 6QS. For your security, all telephone calls are recorded and may be monitored.