We like this article from PropertyTribes.com, that clearly highlights that using an intermediary or mortgage broker, gives anyone seeking property finance a pretty good chance of having their application agreed (and their success rate is now at an all time high!).
“Nearly nine out of mortgage applications made via intermediaries resulted in offers during the second quarter of this year. According to the Intermediary Mortgage Lenders Association, the figure of 88% was 13% up on the same period last year, when 75% of mortgage applications were successful.
The quarterly report follows mortgage applicants from initial enquiry through to completion. 87% of BTL applications through an intermediary were successful.
The reason for this high success rate is likely because the mortgage broker understands the client’s profile and knows which lender to place them and their project with.”
If you’re looking to buy a property, why not have a chat to ADN Financial Solutions. They’re independent, but their expert advisers sit in our Bernards office locations and they are available to offer advice and support to anyone seeking a mortgage/remortgage.