A new study shows that Brits spend more time looking for holidays than they spend looking for a mortgage.
According to research from Noddle, Brits spend an average of 6 days looking for a new car, 5 days looking for a holiday and just 3.6 days looking for a mortgage.
One in four mortgage holders don’t shop around at all, meaning many could miss out on getting the mortgage that’s best for them.
One in three of those spoken to by Noddle said that they knew very little about mortgages and therefore didn’t understand the need to shop around.
Although Noddle’s findings suggest that many Brits avoid comparing mortgages due to a lack of financial knowledge, there are ways to find a great deal without having to become a property expert or spend hours comparing and calculating mortgage products yourself.
With the help of a mortgage broker you can find the right mortgage for you without the effort. A good mortgage broker will compare hundreds of products before highlighting the ones most suitable for you.
They’ll also use extensive knowledge of the mortgage market and lenders’ criteria to point you in the direction of the mortgage providers most likely to approve your application.
Not only can this save you time and hassle, if you’re looking to buy a property with a small deposit, you earn a modest salary, you’re self employed or you have a poor credit rating, your broker will help you find the most understanding lenders who will look at the whole picture, rather than rejecting you as soon as they see a hurdle.
To find out how TaylorMade can help you, please get in touch with our team of mortgage brokers today. Whether you’re a first time buyer looking to take your first steps on the ladder or you’re hoping to remortgage your property to overhaul your finances, we’ll be by your side every step of the way.
