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09 Nov 2018

The perks of using an Online Mortgage Broker

The internet has made everything a lot easier for us nowadays, so it’s no surprise that everything is moving towards being online. Yes, we’ve got online shopping, online takeaways, online dating and even online mortgage brokers (like us). So, whilst you may think we’re going to be a little biased, we’ll try our best to be objective… Online mortgage brokers are great! (like we said, we’ll try our best…), here’s why.

By using an online mortgage broker you’re going to get a lot of perks that come with it. So, if you’re not convinced that an online mortgage broker is the way to go, get ready to have your mind changed! If you’re already a fan of online brokers, we’re going to tell you why we’re the best… in the most modest way possible…

So, find out why you should use and online mortgage broker like us!

5 Reasons to use an Online Mortgage Broker

1. It’s more convenient

One of the biggest perks of using an online mortgage broker is the fact that you don’t have to arrange meetings around a schedule. With some face-to-face brokers, it can be difficult to find a time that both you and your broker can meet. So, without having to plan weeks in advance, you can conduct your mortgage search from the comfort of your own home – without getting dressed or leaving bed (ideal, right?) If you want a convenient mortgage search, it’s ideal to go online. Because, who really wants to get out of bed to go to a mortgage meeting…

2. It’s quicker

Another thing that online mortgage brokers have over those traditional ones is the element of speed. Yes, most online mortgage brokers are partially automated, like us. Our clever system analyses your details you provide, recommending mortgages that are right for you. We compare 1000s of mortgage from 100s of lenders, to present you with your ideal mortgage. It makes it a lot quicker than going through loads of mortgage deals by yourself or waiting for an appointment with your broker. Sure, they can do the same thing, but with many clients of their own, mortgage brokers can’t beat the speed of online.

3. There might be better deals

Whilst some brokers are independent, some are financially linked to banks or lenders, meaning that you’re not getting coverage of the whole market. Online mortgage brokers and face-to-face brokers can be independent, but it’s more common that most online mortgage brokers are free from banks and lenders. They’ll provide you with impartial advice, with a better overview of the market. If you do decide to go traditional, using a face-to-face broker, make sure they are independent, so you get a better overview of the market.

4. It’s free…

Woah, we don’t mean your mortgage will be free… No, some face-to-face brokers will charge a fee to use their services. Whether that’s billed hourly or based on a percentage of your mortgage costs, some face-to-face brokers will charge a fee. But, with an online mortgage broker, most will not charge a fee – we know we don’t! Looking for a mortgage with an online mortgage broker means that you’re not going to pay any charges on top of the already mounting mortgage costs. We should add that some face-to-face brokers don’t charge a fee, so if you are going to use a traditional mortgage broker, make sure you find one that won’t charge!

5. It’s still personal (at least with us)

If you’re worried that an online mortgage broker won’t provide the same personable experience, you’re wrong… At least with us anyway. MO do things a little differently. Once we’ve presented you with the best mortgage options, you’ll be assigned one of our fully qualified, expert advisers to take you through the mortgage application process from start to end. They’ll be able to answer any questions you may have!

So, have we convinced you? If you want to use MO as your online mortgage broker, please visit our Application page to get yourself started. We even do remortgages too! Get in touch with us today to see why online mortgage brokers are the future!

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Laura Waller.

Laura Waller has been working in the mortgages industry since 2013, joining an independent brokerage in Essex. Laura has CeMAP 2 & 3 – Certificates in Mortgages Advice and Practice. Since then Laura oversees marketing for Mortgages Online, using her experience and expertise to write articles and blogs about mortgages and related topics.

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