How An Online Mortgage Broker Can Help You Get a Mortgage

Were you aware you could apply for a mortgage at the touch of a button? Online mortgage brokers make this swift service possible.

If you’re thinking about going online for your mortgage, but aren’t sure how online mortgages work, this blog post will run through everything you need to know to help you understand the process.

Find out how we work to decide if it’s the best option for you. If you have further questions, or you’d like to speak to one of our advisors, we’d be happy to help – call us on 0330 058 6058 or email us at ask@mortgages.online.

How Do Online Mortgages Work?

Simply, online mortgage brokers help you find a mortgage deal and process your application online without the need for in-person meetings or phone calls.

When using our service, we require you to fill out online forms to help us determine your financial circumstances. Our algorithm will then calculate the best mortgage deals available for you, it’s really that simple.

The online mortgage service cuts out the back and forth to arrange meetings and phone calls. However, if you would still like to speak to our advisors in person or over the phone, that can be arranged.

But for those without the time, an online advisor is a great way to sort your mortgage out at your own pace.

Read on for the main benefits of going online.

The Process

Using an online mortgage broker is a lot simpler than the traditional process. As previously explained, you can fill out a couple of forms and you can find out what you’re likely to be able to borrow. You can then continue the process by filling out more forms about yourself and your finances.

Benefits of Using an Online Mortgage Broker

An online service can offer more convenience. But what are the main benefits?

Work Around Your Schedule

Online mortgage brokers offer 24/7 flexibility. Without the need for physical meetings or phone calls, you can deal with the mortgage process at a time that best suits you.

So, if you don’t like the idea of having to meet your advisor, using an online broker is the best option for you.

Save Time

One of the best reasons to go online for your mortgage is the time you’ll save. With no need to worry about booking meetings, you can get straight to it and cut out all the waiting around.

You can also use the online mortgage calculator to quickly determine what you’re likely to afford. Not only will this save you time finding out how much you’re likely to borrow, but you won’t waste time looking at properties out of your budget.

More Mortgage Deals

One benefit to using an online mortgage broker rather than traditional brokers linked to an estate agency or bank is that we have access to potentially even more lenders. We have access to over 12,000 products from over 90 different lenders, rather than working with a controlled panel of lenders. This means that we’re more likely to find a better deal for your circumstances.

When To Use an Online Mortgage Broker

You may be wondering if an online mortgage advisor is the best option for you, but it’s entirely down to your personal preferences. If you’re a first-time buyer with no experience of the process, you may find it more beneficial to sit down with an advisor and run through the process in person.

However, others may like the idea of going through the forms and everything in their own time, in the comfort of their home.

Before deciding, think about the amount of help you’d like with your application and whether you’d prefer to deal with everything online or in person.

It’s also worth noting that you can still get expert help and run through the process with an online mortgage advisor via online video calls or phone calls to discuss your application further.

Industry Excellence

Online mortgage advisors can provide helpful advice and expertise throughout the mortgage process. They will be able to take your personal financial information into consideration and help find what’s best for you based on this.

As they have access to more lenders than traditional brokers, you’re likely to find a better deal and their advice will ensure you make the best choice.

It’s paramount that you speak to a professional when dealing with a subject like a mortgage, as doing so without is a big financial risk to yourself.

Ready to start your mortgage search? We’d be happy to help. Get started here.

Andrew Montlake

As Managing Director, Andrew looks after the strategic goals that drive the vision and culture of the company, maintaining and promoting our Brand, Marketing, PR & Communications, as well as looking after our Corporate, Introducer, and Lender relationships.

He is the author of a highly acclaimed Mortgage Blog and host of our successful Mortgage & Property Podcasts and he has also won 8 major industry awards; Best Press Spokesperson (twice), Best Marketeer (twice), Mortgage Personality of the Year (twice), Mortgage Strategist of the Year and most recently Best Business Leader Broker (11-50 brokers).