How to Find a Mortgage Broker in Oxford

Do you live in Oxford and are you thinking of using a mortgage broker to help you secure a mortgage? Perhaps you’re a first time buyer looking to get on the property ladder or an experienced buy to let investor looking to grow your portfolio of Oxford buy to let properties? Or maybe you own a beautiful Victorian home in OX1 and need a mortgage broker to help you find the best remortgage rate? Then read on to find out how to find and get the best mortgage advice to help you with your Oxfordshire home loan needs.

Why Use a Mortgage Broker?

If you own or are thinking of buying a new home in Oxford or the wider Oxfordshire area then it is probably going to rank as one of the biggest decisions of your life. Property prices in Oxford are some of the highest in Great Britain and with average property prices around the half a million pound mark they are even some of the most expensive properties in the world. So it makes sense to get expert mortgage advice when considering a home loan to buy your dream Oxford house or apartment as a mistake could end up costing you £100’s every month in mortgage interest and payments that you needn’t have paid.

Oxford Mortgage Broker Versus Price Comparison Websites

Although price comparison websites like Compare the Market, Confused or Money Supermarket are a good place to start looking for a mortgage they do not list all mortgage lenders as some specialist banks only work with mortgage brokers. So the only way to really compare the whole of the mortgage market is to speak to an independent whole of market mortgage broker that specialises in Oxford property, who will be able to compare first charge mortgages from high street banks against home loans from more niche mortgage providers.

Also, each mortgage lender has very specific criteria which can be difficult to understand, so for instance, a contractor looking for a mortgage in Oxfordshire might find one bank willing to lend her £300,000 whereas another may be willing to let her take a £400,000 mortgage, a huge difference and something that is not easy to work out without expert mortgage assistance.

How To Choose a Mortgage Broker in Oxfordshire

A good way to find a great mortgage broker in or around Oxford is to ask friends or family if they have used anyone they would recommend. First hand, word of mouth recommendations like this are incredibly useful when deciding on which mortgage broker to use and should always be your first port of call.

Nowadays, though, searching for a local mortgage broker in OX1 is made so much easier thanks to Google and the other online search engines. Just type in what you’re looking for, “first time buyer mortgage broker in Oxford” for instance and you will be presented with many thousands of options. Many will have reviews you can read and their websites should give you an idea of what they offer and how they differ from other mortgage advisers in Oxford.

Bear in mind though, being a great mortgage broker is not the same as being good at websites so don’t be afraid to venture past the  number one spot in the search results as a fabulous mortgage broker could be just around the corner!

Free Mortgage Consultation

If you would like to find out what a great mortgage broker can do for you, why not get in touch with me and tell me what you want to achieve and I will tell you how you go about it. I offer a completely free mortgage consultation in Oxford or over the phone and I would be delighted to chat through your particular circumstances.