Are Online Mortgage Quotes Worth Relying On?
Find out whether the mortgage rates you see published online are a good basis to make mortgage decisions on - and a better way to apply with the assurance that your mortgage costs will be competitive, appropriate and affordable.
Are Online Mortgage Quotes Worth Relying On?
There are millions of mortgage calculators and price comparison sites available. However, online quotes can be misleading and potentially result in rejected applications causing problems on your credit file.
The complication is that every lender has its policies and eligibility criteria. These rules are not universal, and you might find one mortgage provider who can easily accept your application - whereas another will automatically reject it.
If you're looking for independent quotations and a comparison from a whole-of-market broker to help you find the best deals available, contact Revolution Brokers on 0330 304 3040 or message the team at [email protected].
How Can I Find the Best Online Mortgage Quote?
As we've mentioned, the key to finding the most competitive mortgage rates is to work with a broker who can offer advice about the cheapest options and which lenders are most suitable for your borrowing needs.
Most price comparison sites only display providers who pay to advertise there, so are very rarely an indication of the kind of deals a broker can negotiate for you.
Is an Online Mortgage Quotation Reliable?
In short, no. Online quotes give a rough indication as to what you might be able to borrow, what rates a lender might offer you, and what sort of monthly repayment cost you'd be looking at.
The problem is that every applicant is different, and this type of calculator cannot consider your eligibility, age, credit status, deposit value or any other factors that will significantly alter any offer to lend a provider might make.
What is the Fastest Way to Get an Accurate Mortgage Quote?
Doubtless, the quickest way to make an application with the highest chances of approval and independently review what mortgage products are on offer is to consult a whole-of-market broker.
Our mortgage advisors team has years of experience negotiating every type of mortgage and are on hand to offer independent advice about which lenders have the right products for you.
Give us a ring on 0330 304 3040, or email the office at [email protected] to arrange a good time to talk.
Further Reading
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