When I wanted to find a buy to let mortgage I didn’t really have the first clue about where I’d go to find what I wanted. Most of us think the bank is a good first bet, but you’d be wrong about that. According to this document published on the RBS web site there are 4 key stages in getting a mortgage, but what they don’t tell you is that the average amount of time it takes you to get a mortgage through a bank like RBS is 4 – 6 months!
If you find this information ridiculous then you are not the only one. Research shows that many people are now stopping using banks for their mortgage needs and are instead turning to independent (or ‘whole of market’ mortgage brokers). These are mortgage advisors who recommend products from across the range, rather than from just one bank or building society and are therefore often to recommend extremely competitive products to their clients.
In Manchester there are a few of these advisors and they specialist in buy to let, first time buyer, remortgage and poor credit mortgages. You can also take the advice of experts on money forums such as moneysaving expert. Specialists like http://forums.moneysavingexpert.com/member.php?u=2524714 are ideal people to ask for mortgage advice.