A mortgage broker specialises in searching for lenders who offer mortgages that fit your precise requirements. This is done by understanding your circumstances – including your income and expenditure, sourcing lenders who are willing to lend to you, then recommending the best mortgage that suits your circumstances. When you then agree to proceed with a mortgage, the broker will then submit and manage your application and guide you through the next steps, all the way to completion.
A mortgage broker will recommend mortgage deals relevant to your specific requirements, after having undergone an initial consultation with you to understand your circumstances and finances. As a broker, Roots has access to over 12,000 mortgage deals from more than 90 lenders, giving you a wider choice than anywhere else in the UK. Not only that, we have exclusive access to deals not available on the high street or to the general public, meaning you can often save money. Finally, dealing with a broker removes almost all of the administration, giving you time back.
When you receive advice, a broker has a duty of care to you and must make sure the recommendation is suitable for your specific requirements. Justification of why they have recommended a mortgage must be clear and concise. Working in your best interests is at the heart of everything we do at Roots, so you can be safe in the knowledge that we are looking out for the best deal for you – not for anyone else.
As a mortgage broker, all of our advisors are qualified. Being qualified is a requirement as set out by the Financial Conduct Authority (FCA) which oversees the rules and regulations for companies operating in financial services, such as Roots.
By using Roots you automatically gain access to over 12,000 mortgage deals from more than 90 lenders – many which wouldn’t otherwise be available to you. Imagine going to all those deals direct and how long it would take! Many lenders, including the big names in banking, create exclusive deals for brokers such as ourselves.
Not quite ready to start the mortgage process just yet? Maybe you have a question you want answering? That’s fine, we’re here to support you when you need us – just contact us and we’ll be happy to help.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £650.