Mortgage Broker Sudbury
- Expert Mortgage Advisers
- We work with dozens of lenders
- Access to competitive rates
Get in touch today to discuss the most suitable mortgage option for you.
Mortgage Broker Sudbury
Gary Richardson from The Mortgage Centre based in Sudsbury, introduces the company and talks us through the services offered by a Mortgage Broker.
What is the role of a Mortgage Broker?
The job of a Mortgage Broker is to arrange a mortgage between our clients, the borrower and the lender.
What’s the difference between going to a Mortgage Broker versus your local high Street Bank for a mortgage?
If somebody goes to a high street lender, they can only offer them their own mortgage products. With a broker, like ourselves, here at The Mortgage Centre, we work from a comprehensive panel which is representative of the whole of the market. We can use lenders throughout the country who specialise in First Time Buyers, for example, or whatever your individual needs may be, so there are a lot more choices with a broker than you would get using a high street lender.
What other services does a Mortgage Broker offer?
We have a lot of contacts within the property sales industry and can help clients get two different conveyances. There are online conveyancers, which are not as accessible, but sometimes save people money on conveyancing fees.
We also deal with estate agents and can help clients to move the mortgage along by keeping in touch with solicitors and estate agents to make sure that the mortgage application process goes through smoothly.
Can Mortgage Brokers help with Mortgage Protection?
Yes, we are also insurance brokers, so we can get life insurance, mortgage protection and quotations for building contents insurance. Building insurance is compulsory if you’re getting a mortgage, and with the other insurances we’ll research the most suitable products for clients based on their specific needs.
When should I see a Mortgage Broker?
The very beginning of the process, when you first start looking for a house is the best time, because most people want to know how much they can borrow and how much it’s going to cost. We can tell you how much you can actually borrow and what the cost of it would be, and get you a Decision in Principle with one of the lenders. A Decision in Principle is great if you’re looking for houses, because when you go and see an estate agent, you can tell them your mortgage is already accepted, which helps you with the purchase process.
Speak To An Expert
We’re able to tap into our local knowledge to guide you through your house purchase in your chosen area.
The Mortgage Centre is based in Sudbury, but can you help somebody if they’re based elsewhere in the country?
Yes we can, we’re much more geared up for non face to face communication, such as telephone calls or Zoom meetings since the pandemic. We can do either one of those or also help by email, there’s just a few extra verification steps that we need to take just by calling you at home, sending you a letter just for criteria purposes, but clients don’t have to come into the office now.
Why is Sudbury a popular location to live and buy property?
Sudbury is a country market town and it’s beautiful. You really are in the countryside, but it’s quite vibrant because the town has a busty marketplace. There’s quite a lot of shops, and it’s a very pleasant place to live.
When was The Mortgage Centre founded?
The Mortgage Centre was started over 30 years ago, so it’s a very well-established company.
In your experience, should people be less scared to approach a broker for mortgage advice?
I think a lot of the fear associated with approaching a mortgage broker or lender is just fear of the unknown. We do make it a lot easier for people as Mortgage Brokers, as we’re easy to liaise with, and do the hard work for them. We put the application in to the lender, and act as a single point of contact for the mortgage application, which simplifies the whole process.
Is it rewarding for you, especially when you’ve helped a First Time Buyer to get the keys to their new house?
It’s a fantastic feeling. One of the best perks of the job is to call somebody up and say ‘congratulations, you’ve been offered your mortgage, and can buy the house of your dreams’.
Does it cost for an initial consultation with The Mortgage Centre?
There’s no initial consultation fee, and we can get the Decision in Principle so our clients can find out what they can borrow and what the steps are for free. We do charge £299, but only charge after you’ve completed, once you’ve bought the house and moved in.
Don’t be afraid to come and find out how we can help, we try to save people money, and it isn’t just about the lowest monthly payments, there are different products for different purposes, and we do the best we possibly can to find the most suitable deal for people.
Your property may be repossessed if you do not keep up with your mortgage repayments.
Why Choose Us?
- Expert Mortgage & Protection Advisers
- Friendly and Personal Approach
- Professional Advice Tailored to You
- Build Long-Term Relationships
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