Mortgage Lenders - What Can They Offer [mortgageprotectiontips.blogspot.com]
The UK mortgage market is one of the most diverse mortgage markets in the world. The mortgage lenders have many diverse schemes available, each one has a unique selling point to create their own place in the market. Some of the big mortgage lenders have gone for market share, they offer a low rate and hoover up all the average deals. But these deals are restrictive they do not cater for any thing that is out of the ordinary.
You may be looking to build your own home and require staged payments, most mortgage lenders will not like this set up, but with the UK having such a wide choice it is possible to find mortgage lenders that specialise in the self build market. They will be able to give you help and advice that you may not receive from a big high street mortgage lender.
Some people have properties that are not made in the traditional way and will find it difficult to raise the finance to purchase or remortgage.
There are mortgage lenders in the UK who are considered niche lenders and while they may not offer a market leading rate. They will have advisors on hand who have expert knowledge of all the different materials that are used to build homes these days. Many council houses have been built with non-standard materials, which will cause problems for some mortgage lenders.A good point of call to find a new mortgage lender is a mortgage broker, they will be able to find a mortgage lender that best suites your demands and needs. They should be your first point of call if you are looking to purchase or remortgage a property that is not of standard construction or design.
Find More Mortgage Lenders - What Can They Offer TopicsQuestion by : What can a good agent do for a mortgage lender to help expedite a loan/sale or increase business? I'm an agent and want to market my services to mortgage lenders. Any help in how to make my presentation to them would be appreciated. Best answer for What can a good agent do for a mortgage lender to help expedite a loan/sale or increase business?:
Answer by Lynn
Make a presentation in person. Business cards and fliers outlining the risks you can write will give them something permanent for their desks. Emphasize speedy turnaround time. If a lender is trying to find the insurance that usually means the insured hasn't been able to find something and time is short. Followup every 3 or 4 months. Bring donuts or chocolate covered strawberries, etc. for the office. They remember that better than pens and letter openers.
Answer by Jeff
I've been a Mortgage Advisor for just over six years, and here are the reasons I recommend the insurance agent that I work with: - He returns all voicemails/emails within 3-4 business hours - He fulfills insurance binder requests within 24 hours, usually within the same business day - He works for a company that I've personally had experience with and one that I know does a good job (are there mortgage loan officers in your current book of business?) - He follows up with me to let me know the outcomes of referrals I've sent him - He is professional and he provides great customer service to my borrowers I hope this helps. Good luck to you!
Answer by mbrcatz
Promise them super fast binding. I had that kind of arrangement with a mortgage broker about a decade ago - she'd call me two hours before closing, and I'd get her a binder via fax as long as they dropped a check off.
