Fee-Free Mortgage Advisers in Oxford
The expert team at Boon Brokers are trusted mortgage brokers in Oxford, offering a completely free service to clients across the city. As whole-of-market free mortgage brokers in Oxford, we have access to over 1,000 mortgage deals from more than 90 lenders. This access allows us to search the market and recommend a mortgage tailored to your needs.
Not many brokers can say that their service is entirely free of charge with no hidden fees at any time. You may be wondering, how is this possible and what’s the catch? The truth is, there is no catch. All mortgage brokers receive a commission from the lender when your transaction completes. At Boon Brokers, we’re happy with just the commission payment and nothing more. We have streamlined our online systems to minimise our operating costs, enabling us to remain profitable while offering a free service. While other mortgage brokers in Oxford may be forced to charge a client fee due to their fixed costs, we can offer a fee-free service in the long-run.
Best of all, if your transaction falls through for whatever reason, you still won’t be charged. We understand that transactions fall through at no fault of your own, so it doesn’t feel right to charge you.
Regulated Oxford Mortgage Brokers
Boon Brokers is directly authorised by the Financial Conduct Authority (FCA No: 973757). This means that our mortgage advisers in Oxford are trained to an excellent compliance standard. The quality of their service is regularly reviewed internally by our quality assurance team.
With our regulated status, our brokers are authorised to advise and arrange many different types of mortgages. From first-time buyer mortgages in Oxford, to sale and purchases and remortgages, we should be able to assist with any residential transaction.
Why Should I Use a Mortgage Broker in Oxford Instead of Going Directly to a Bank?
Using a mortgage broker in Oxford, like Boon Brokers, gives you access to a wide range of lenders and exclusive deals. Some deals may only be available to brokers. This level of access will help you secure the best mortgage rates in Oxford, rather than being limited to one lender’s product range. Best of all, some brokers, like Boon Brokers, charge no client fees at any stage. This means you can access all of Boon Brokers’ mortgage deals without paying a broker fee.
Do Mortgage Brokers in Oxford Have Access to Better Mortgage Deals Than Banks?
Yes, mortgage brokers generally have access to better mortgage deals than banks or building societies. This is because they can access mortgages from multiple lenders. At Boon Brokers, our team can access over 1,000 mortgages from over 90 lenders. Whereas, a bank or building society will only have access to their product range, meaning their mortgages may not be the most suitable for you.
How Long Does It Take for a Mortgage Broker in Oxford to Secure a Mortgage Offer?
It typically takes between 5 to 15 working days for a mortgage broker to secure a mortgage offer in Oxford. The timescale differs depending on your circumstances, lender processing time, how quickly documents are provided and the surveyor’s availability.
An experienced broker, like Boon Brokers, can speed up the application process by matching your needs to a suitable lender and uploading your documents as soon as the application is submitted. This improves your chances of quickly receiving a mortgage offer in Oxford.
Can a Mortgage Adviser in Oxford Help If I Am Self-Employed?
Yes, a mortgage adviser in Oxford, like Boon Brokers, can help if you are self-employed. Mortgage advisers do this by matching you with a lender that can accept your income. They understand how to present your income to the mortgage lender to maximise your chances of approval. Mortgage lenders typically request Tax Calculations and Tax Year Overviews as income proof for self-employed applicants, but their exact criteria may differ from lender to lender.
What Documents Do I Need When Applying Through a Mortgage Broker in Oxford?
If you apply for a mortgage on a property in Oxford, you typically need to send ID, proof of address, proof of deposit, bank statements, and income proof (like payslips, tax calculations and tax year overviews) to your broker. For those who are self-employed, your broker may request further documents like tax returns and additional business bank statements to prove the financial health of your business.
Can a Mortgage Specialist in Oxford Help If I Have Bad Credit?
Yes, a mortgage specialist in Oxford, like Boon Brokers, can assist with your application if you have bad credit. Fortunately, bad credit mortgages are available in Oxford. Mortgage brokers are often valuable for clients with bad credit reports because they understand which lender is likely to be most suitable based on their lending criteria. With this understanding, mortgage brokers can assess your credit report and make a lender recommendation from your exact circumstances.
