Why use Miles Rhodes
What do we do that you cannot? And why should you pay for their services when there are already loads of other costs when moving home or remortgaging?
If you’re asking yourself these questions, it can be more than tempting to cut out the middleman. However, you may want to think twice.
Mortgage advice, from a reputable broker, can be an invaluable service – and here’s why…
An important thing to understand is that when you receive mortgage advice, Miles Rhodes has a duty of care to you. We will recommend a suitable mortgage and be able to justify why the particular mortgage we have chosen is right for you.
In contrast, if you go directly to a high street mortgage lender, don’t take advice, and end up with a mortgage that later becomes unaffordable, you may not have so much legal recourse
All our mortgage advisers are qualified
There’s an awful lot to think about when choosing the right mortgage. It’s not as simple as just opting for the cheapest fixed or tracker rate mortgage you can find!
Mortgage advisers have to be qualified to give you mortgage advice, whereas you may not get that kind of guarantee if you ring up a lender’s call centre.
We are on your side
Miles Rhodes will look for the best mortgage for you. We aren’t on the lender’s side, we are on yours, and we give you access to far more products than if you went direct. You will get unbiased advice and will be able to choose from a range of lenders and subsequent products, rather than being restricted to the single range of the lender you go to.
We know the industry
Mortgage criteria has tightened massively over the last few years, with the Mortgage Market Review being the latest, and arguably widest-ranging, development. It’s been designed to ensure borrowers can prove affordability, even in the event of a rate rise, and those extra checks have understandably increased application times.
That is why it is so important to stay in the loop – and to have Miles Rhodes on your side, we understand it all. Our advisers deal with lenders on a day-to-day basis, so we know what the application process is like for each one and can tell you which lender can process your application with minimal delays.
We also know the background criteria that a lender has and can bring this experience to bear when advising you and processing your application.
Then there’s the fact that, because we may put a lot of business to a particular lender in a year, we can exert influence and chase things in a way you just can’t do by yourself – and that can be invaluable should things get held up.