We are delighted to announce that Newcastle Law Society has a new sponsor – Innovate Mortgage & Loans. This North East based company are experts in their field with over 80 years’ experience of supporting clients with a range of finance and mortgage solutions.

Why Would I Use a Mortgage Broker

Whilst the easy answer would be along the lines of "do you cut your own hair", there are many ways we can help make the mortgage process easier to navigate.

We work for you and can access lenders across the market. Each lender has its own policies which we keep up to date with and will match you to the most appropriate option for your personal circumstances.

In addition, we have personal contacts within most lenders and can sometimes negotiate an agreement outside of a lender’s standard policy, as an example where a recent change from salaried to equity partner has taken place.

Some key points to consider are as follows:

• Time – the one thing that none of us can create, do you really want to shop around 90+ different mortgage lenders yourself?

• Service and value for money – we have received over 330 5* Google reviews from our clients
  Forward planning – we work with you to establish a budget for your purchase at an early stage and update this as you search for your dream home.

• Affordability – all lenders regularly change how much can be borrowed as market conditions change. This can mean that the amount offered by one lender versus another can vary significantly. We understand this and can ensure that your mortgage is placed with a lender that will give you the level of borrowing that you are looking for.

• Price – most headlines focus on interest rates but the relationship between the amount of mortgage, fees, cashback and interest rate can regularly override this.

• Paperwork - we submit the application on your behalf and deal with as much of the paperwork as possible, chasing the lender regularly and keeping you advised of progress throughout.

• Market monitoring - between application and completion we will review the rate and let you know if a more appropriate option becomes available. This does not happen automatically if you apply direct to a mortgage company.

• Protecting your mortgage and property – we can recommend a specific insurance package to meet your needs in the event of the unexpected happening. This includes life cover, critical/serious illness cover, income protection cover, private medical insurance and home and contents cover.

• Third parties - with your permission we will work alongside third parties such as estate agents, surveyors, accountants and conveyancers to save you both time and hassle.

On average a straightforward application (yes, they do exist apparently!) requires at least 10 hours of work and often more. We would estimate that a mortgage done directly with a Bank or Building Society could take double this time even if nothing goes wrong.

In the past month alone three new clients have used our services having initially attempted to apply directly to a lender. In each case, after days of hassle and stress in trying to obtain a mortgage directly, they decided enough was enough and came to us to deliver the mortgage that they needed.

As an exclusive offer for members of NLS, for each completed mortgage or re-mortgage we are offering £100 as a cashback to the member or a £100 donation to the Presidents charity.

Paul Hardingham and Tony Ibson are Mortgage and Protection experts at Innovate Mortgages and Loans, contact us for bespoke advice at paul@innovateml.co.uk or tony@innovateml.co.uk or call 0191 2843723.

AS A MORTGAGE IS SECURED AGAINST YOUR HOME IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS