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Do you need a Mortgage Broker?

Watch this short video to see the difference we can make for you

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Video Transcript…


Narrator: Do you need a Mortgage Broker?

Narrator: Well, the honest answer is you don’t.

Narrator: You could go online or walk down the high street and hope the banks have just what you are looking for.

Narrator: Of course they won’t tell you about other lenders offering a better deal. And if you don’t perfectly fit their requirements they certainly won’t look around for a competitive alternative.

Narrator: Here’s why mortgage brokers are different…

Narrator: They have access to 100’s of lenders and 1000’s of mortgage products instead of just a handful.

Narrator: So you get far more choice which is probably what you want?

Narrator: Unlike banks they have to advise you which mortgage is suitable having considered all their available lenders – including high street banks.

Narrator: So you know they are impartial which is important too?

Narrator: And they have specialist lenders and knowledge to solve problems if other lenders say no or try to charge higher rates -plus they’ll help you with all the admin.

Narrator: So if there is something unusual they are more likely to help

Narrator: The in-house team of experts at Promise Money get enquiries from other mortgage brokers every day and help them find the best products for their clients.

Narrator: Now you can talk to the same experts direct about 1000’s of mortgages and loans for personal or business purposes.

Narrator: Your broker is there to make a measurable difference – especially if your circumstances are more complex. Whilst they normally charge fees, getting the right mortgage could save you £1000’s and chatting to an adviser to get indicative offers costs you nothing. If they haven’t found you a better deal you can walk away.

Narrator: So talk to an expert on 01902 585020 or visit promisemoney.co.uk

Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status.

More than 50% of borrowers receive offers better than our representative examples

The %APR rate you will be offered is dependent on your personal circumstances.

Mortgages and Remortgages

Representative example

Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66

Secured / Second Charge Loans

Representative example

Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20

Unsecured Loans

Representative example

Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.


Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774
Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG

Authorised and regulated by the Financial Conduct Authority – Number 681423
The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages

Website www.promisemoney.co.uk