Mortgage Broker Lichfield
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Mortgage Broker Lichfield – Choice Finance Mortgages
If you’re looking for a mortgage in the Lichfield area, Choice Finance Mortgages is the perfect partner. Read on to find out what a Mortgage Broker does and the benefits of choosing our expert advice.
What is the role of a Mortgage Broker?
A Mortgage Broker is a financial expert specialising in mortgages. We work closely with you to explore your personal finances and property goals so that we can find the right mortgages to match.
We support First Time Buyers, home movers, and remortgages, by comparing the options across dozens of lenders – many of which aren’t accessible to consumers.
Because we know home-buying inside out – and the Lichfield area – we become a trusted partner to help at every stage of your property journey.
What are the advantages of using a Mortgage Broker instead of a High Street bank?
Most customers love the convenience of our services – we do all the hard work for you when looking for a mortgage, and we know the process and the products.
The big advantage of a broker over a High Street lender is the range of products we compare. In a bank or building society, your advisor can only offer you their own products – so it’s hard to know how good the fees and rates are.
We have access to a wide range of lenders and products to find a great deal to suit you.
How do you find a good Mortgage Broker?
Most Mortgage Brokers offer similar services, but the best ones will take time to get to know you, build a good relationship with you and really make it easy to achieve your property plans.
It also really helps if they are in your local area. We’re based in South Staffordshire and know the region really well – not just the great places to live but also the agents, homebuilders, solicitors, council, and more. That means we can link you up with the right people and share helpful and relevant knowledge.
At what stage should I see a Mortgage Broker?
You can’t see a Mortgage Broker too early! You might just be thinking of looking for a property, but it helps to know how much you can borrow.
We’ll ask you how much deposit you have and whether it’s enough to get started. For some people, it really pays to wait six months and save up a little more.
We’ll also talk through how the lenders assess affordability, your credit history, and anything else that you need to think about before buying a home.
What exactly does a Mortgage Broker do?
A broker guides you through the process from start to finish. If you’ve never owned a home there’s a lot to learn about how mortgages work – and the whole property purchase process.
Our job is to support you every step of the way. We’ll work out what you can borrow, get you an Agreement in Principle, and manage the application process for you.
As things progress we will even talk to your estate agents, solicitors, housebuilders… anyone that might be slowing the process down.
What makes Staffordshire a great place to buy property?
Lichfield is an excellent location in Staffordshire. It’s great for accessibility, with really good links to Birmingham via the M6 and toll road. But it feels quite rural – there’s countryside all around and Cannock Chase is a fantastic place for walking, running, and days out with the family.
A new designer outlet village is also launching this year which will make the area even more appealing.
Who are Choice Finance?
Choice Finance was set up around 15 years ago by Matt Pennell. We’ve grown over time and our office in Cannock is run by an excellent team of experienced advisors and case handlers.
We’ve built longstanding relationships with people from buying their first home, through to remortgaging and moving house.
What do Mortgage Brokers cost?
Some brokers charge fees to their clients, others may not. Do be careful of brokers that charge you upfront fees. With Choice Finance fees are only payable on completion of your mortgage and home purchase. We will detail everything out clearly before you make any commitment.
Contact us today to explore how we can make your property plans a reality
For our mortgage purchase advice services we will charge a fee of £499
For our mortgage advice services for debt consolidation, Limited company BTL or complex cases we will charge a minimum fee of £1095 or 1% rate charged of the mortgage advance subject to a maximum of £3000. For example, a mortgage of £150,000 would mean a fee of £1500.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.