Recent findings by the Financial Conduct Authority highlight that as many as 30% of customers fail to find the cheapest mortgage for them. Furthermore, a study by Experian in 2020 concluded that 46% of customers were on their lender’s standard variable rate (SVR) at the time of the study, resulting in them making higher payments than necessary.
That’s why at hd Financial Solutions we’re passionate about our clients having access to quality, independent mortgage advice when they need it.
We’ve teamed up with a mortgage specialist, Edwin James Mortgage Services who can help our clients access products from the Whole of Market and a convenient service tailored to your needs. So if you’re buying for the first time, looking to move home or just need to review your existing mortgage arrangements, please get in touch.
Frequently Asked Questions
How much can I borrow?
This will depend on your income, outgoings and budget. If you’re buying a new home, you should get in touch before you start your search to carry out an affordability calculation.
Why use a mortgage broker?
Mortgage brokers can access a wide range of products, many of which can’t be found on the high street. They’re able to compare rates and criteria across many lenders, increasing your chances of securing the most competitive rates available. They help make the process easier for you to navigate by helping with the paperwork and liaising with the lender on your behalf, saving you time and effort. Their expert knowledge of lender criteria also means they are often able to help clients who may ordinarily struggle to secure a mortgage.
Who is the best mortgage lender?
This depends on your specific requirements. Some may consider the rate of interest to be the most important factor when choosing a mortgage, others may be looking for the lender who can offer the most funds. Some lenders are known for their high quality customer service and this may be a deciding factor for some customers.
Your home may be repossessed if you do not keep up repayments on your mortgage.