Mortgage Broker in Bournemouth
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Mark Notley, Mortgage Consultant at Total Home Loans, breaks down the role of a mortgage broker, the services they offer and how they can advise you throughout the mortgage and house buying process.
The above podcast includes information which was correct at recording, some information may have changed. See the below page for up to date information.
What exactly is the role of a mortgage broker?
We specialise in finding lenders who will meet the needs of any customer for a suitable and affordable mortgage. This can involve quite a few things: fact finding, assessing customer documents and information. But essentially, that’s what a broker does.
What’s the difference between going to a mortgage broker like Total Home Loans compared to your bank?
If you go to a high street bank or your own building society, they can only talk to you and assess you on the products that they offer. And some of them are quite limited or stringent in who they will approve.
A whole-of-market broker, has access to products and lenders which they can use to find options that are fit for your situation and your plans. Going to a mortgage broker gets you a tailor-made service because everybody’s circumstances are so different.
What services do mortgage brokers provide?
Once we’ve found you a suitable mortgage we will look at protection such as life insurance and critical illness cover. We also help you manage any concerns with solicitors, estate agents, builders…. We’re there to help you through the whole process from start to finish.
We can help people in all kinds of situations: First Time Buyers, who want to understand the government’s various home buying schemes, for example. We help with remortgaging, Buy to Let, home movers… any situation, we can help.
For people with past credit issues, we know which lenders don’t credit score or those that are easier on the credit record than others. Some lenders will offer you a higher loan to value. Plus, we know which lenders are currently looking for more customers. At certain times, lenders are more prepared to lend.
When should I talk to a broker – at what point in the process?
The earlier in the process you see us, the better, because it helps you understand how much you can borrow and sets your property budget before you start looking.
A broker will give you a good idea of a property price range based on your deposit available and your income. That way, you don’t go out and fall in love with a property and then find that you can’t afford it.
We can help with all the questions about the buying process. Can I use any solicitor? What do I have to do regarding selling agents? When do I have that first contact with them?
We can also get you in a great position to make an offer on a home with a Decision in Principle from a lender. Estate Agents will often want to see this to accept an offer from you.
The Decision in Principle gives you buying power – it shows the selling agent that you’re not a time waster. In a situation where there’s more than one person going for a property, you’re more likely to be successful.
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Speak To An Expert
Total Home Loans are a national mortgage broker with whole of market access. Their combined experience of over 50 years in the mortgage and financial services industry means they have an enviable reputation and one which makes them well-placed to find the most suitable mortgage solution for you.
You’re based in Bournemouth, but can you help somebody living elsewhere in the country?
We help anyone UK wide. Especially at the moment, we don’t see many people face to face, we look after our customers over the phone by email. It’s just as easy to talk to someone local as it is to someone at the other end of the country
Why is Bournemouth a good place to buy property?
Bournemouth is a beautiful location to live in especially thanks to the huge, sandy beach. Although the town is seen traditionally as an area for older people, it’s really drawing the younger generation now too.
There’s a big university here which means lots of younger people are all looking to live here and make the most of the beach and the nightlife. Because they want to rent, the Buy to Let market and property market here is very vibrant and property prices are always going up. There are lots of great areas to look at buying a home, and we can help give you a steer on those.
Tell us a bit about Total Home Loans?
Total Home Loans was created about 15 years ago. We felt the name had a nice sound to it – rather than being too serious about it, it shows that we’re more relaxed. In my experience, people are happier to talk about personal information if they feel comfortable, and it helps me do my job better and give a more rounded service.
I personally have been in the mortgage industry for 30 years and what I’ve seen is that investing in property is the most secure, long term investment you’ll ever make. I’ve seen my own property increase in value substantially and I love helping people get on the first rung on the ladder.
So I would say anyone speak to your broker, come to us and get an honest opinion of how we can help you.
How can people get more information?
Take a look at our website for all our contact details – we take calls out of office hours if you need us, or you can send us a message and we’ll get in touch with you. We look forward to talking to you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Most buy-to-let mortgages are not regulated by the Financial Conduct Authority.
Total Home Loans Limited is an appointed representative of Quilter Mortgage Planning Limited, which is authorised and regulated by the Financial Conduct Authority. Quilter Mortgage Planning Limited is entered on the FCA Register (https://register.fca.org.uk/s/) under reference 440718
Total Home Loans Ltd: Registered in England & Wales, No. 06436412. Registered Address: 470 Holdenhurst Road, Bournemouth, BH8 9AQ.
The guidance and/or information contained within this website is subject to UK regulatory regime and is targeted at consumers based in the UK.
May 31, 2022
Very professional company. I’m 63 Years old and was having trouble sorting any kind of mortgage but Mark from Total Home Loans saved the day. please do not hesitate to contact them first as I wasted a lot of time hunting around for others.
Well done Mark and the team, the number 1 company.
May 16, 2022
Very professional fast efficient service and really caring and genuine people to deal with. They have helped us with our mortgage twice and been great both times.
We wouldn’t hesitate to use them again in future.
May 16, 2022
Thanks to Total Home Loans and their patience, care and understanding, along with their skill and kindness, my partner and myself are now home owners something I never thought would happen,
Please even if you think it’s not something you can achieve give Total Home Loans a call they will work for you.
Again thank you all at Total Homes Loans.
May 5, 2022
Great service, I tried so many brokers but no one could help but Total Home Loans were the only ones who found me a lender. It was really hard to find someone, I went to 8 brokers all found online with there so called promising words trying to bring customers in still no good for me but Total Home Loans got the job done, excellent service, will recommend 💯💯💯 and there was no fee till all applications was complete unlike some brokers.
May 4, 2022
Very happy with my experience with Total Home Loans. Very professional company, were always quick to reply and action whatever was needed.
Will definitely be back! I’ve already recommended them to a friend and they had the same positive experience that I had.