Choose the right investment mortgage broker and your deal will sail through...
Choose the wrong one and it could fall apart at the seams!
One broker is definitely not the same as the next.
I remember when I first got started in property investment, the broker I decided to use was an absolute nightmare... the finance was not ready when it came to completion time.
In fact it wasn't ready a month later! The broker never returned my calls and when they did, it was a useless junior member of staff.
So, choosing the right broker is important. Here we'll pass on a bit of mortgage broker advice and show you how to avoid the mistakes I made.
It is totally possible to arrange a mortgage on your own but I really wouldn't advise it. Here are some reasons why.
When I was buying intensively, all I had to do was send my broker an email with a few details for each new deal and he would do the rest.
Investment mortgage brokers are paid in two ways. All get a commission from the lender for selling their mortgage. As this commission tends to be less for buy-to-let mortgages, most also charge a fee to the customer. Some don't, but you'll find that the decent ones do.
Here are a couple of mortgage broker tips to help you choose a good one:
Here at PiB, we provide specialist mortgages and finance to property investors and developers just like you, in partnership with one of the most experienced advisors in the UK. Request a free quote today.
Don't forget to ensure that your chosen broker is a member of the FCA.