Before You Choose a Mortgage Broker in Essex Read This


Before You Choose a Mortgage Broker in Essex Read This

5-6 Min Read

Are you in the market for a mortgage in Essex? Securing a mortgage is one of the most significant financial decisions you’ll ever make. To ensure you find the best deal tailored to your needs, it’s crucial to partner with the right mortgage broker. A simple google search and you will find thousands of people offering to get you your next deal! It’s a crowded market for sure. Also why an introducer, is that not just another layer?

Firstly as an introducer we have already weeded out the poor performing brokers for you. Our brokers are all  CeMAP qualified and come with decades of experience. If you have purchased a new build property you may have inadvertently been introduced to a broker. You were probably promised “this will make the property purchase run smoothly” if you use “our team” but does that broker really have your best interests at heart or the developers.

Simply put we also save our clients money, a recent inquiry to our team was by an owner of a tech firm who was being charged £750 to broker his mortgage renewal. Our broker charged zero and provided the client with a better rate.  As we are a huge funnel for our brokers our relationship with our brokers is very strong, imagine if they provide a poor service for just one of our clients we could potentially move our whole portfolio away from them! This is a key factor to ensuring our clients receive the VIP treatment they deserve, and remember that’s at zero cost to you the client. We are also an extra hand to help make sure you get quick and relevant updates from your broker. 

Here are 10 things you should be on the lookout for when selecting your broker…

1. Expertise and Experience:

Look for a broker with extensive experience and expertise in the Essex mortgage market. A seasoned professional will have in-depth knowledge of local lenders, policies, and market trends. This will probably be the biggest purchase of your lives so make sure you’re getting the right advice. Don’t be pushed by an estate agent or developer to use who they recommend. Get a professional in from the start.

 2. Reputation and Reviews:

Check online reviews and testimonials from previous clients. A reputable broker will have positive feedback, demonstrating their reliability and customer satisfaction. Charles Rothco has 5 stars on google reviews!

3. Broker Credentials:

Ensure the broker is licensed and accredited. Certifications such as CeMAP (Certificate in Mortgage Advice and Practice) indicate professionalism and adherence to industry standards. You wouldn’t go to a lawyer who is not licenced so why trust your finances with someone who is not certificated… (unless you watch suits, then I would probably use Mike Ross)

4. Lender Network:

A well-connected broker with a vast network of lenders increases your chances of finding the best mortgage rates and terms. They can provide access to exclusive deals that might not be available to the general public.

5. Transparent Fees:

Clarify the broker’s fees upfront. Avoid brokers with hidden charges. Transparent fees build trust and ensure you know exactly what you’re paying for. Remember at Charles Rothco we have negotiated a zero fee for brokering your next deal! Contact us today and let’s get you booked in with our fantastic brokers.

6. Communication Skills: 

Effective communication is essential. Choose a broker who listens to your needs, explains complex mortgage terms in simple language, and keeps you informed throughout the process.

7. Understanding of Your Needs:

Each homebuyer’s situation is unique. A good broker takes the time to understand your financial goals, credit history, and long-term plans, tailoring their services accordingly.

 8. Availability:

Consider the broker’s availability and responsiveness. You want someone who is accessible and prompt, especially during critical stages of the mortgage application process. We pride ourselves on being available… We know that purchasing your dream home can be stressful so securing your next mortgage should not add to that pressure.

 9. Knowledge of Local Market:

Essex has its unique property market. A broker well-versed in the local real estate landscape can offer valuable insights and help you make informed decisions.

10. Customer Support:

Exceptional customer service is non-negotiable. A reliable mortgage broker will support you not just until the deal is closed, but even after, addressing any concerns or queries you might have.

Choosing the right mortgage broker is paramount to your financial well-being. By considering these factors, you can make an informed decision and secure a mortgage that suits your needs and budget. Remember, your dream home is within reach with Charles Rothco by your side.  Charles Rothco was born from a team frustrated by not having good access to high quality mortgage professionals. We now deliver that to our clients daily… 

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