JWD Mortgage Broker FAQs
Applying for a mortgage can be overwhelming, especially with little or no previous experience. While friends and family are great for offering advice and support, trained mortgage professionals can help you save money and give you peace of mind. At JWD Mortgages we’re dedicated to helping our clients understand the mortgage process, as well as securing the best mortgage loans possible.
Throughout our site we have included specific FAQ sections about the different types of mortgage services available. Moreover, here are some of the most frequently asked questions about mortgages and mortgage brokers to get you started.
Frequently Asked Questions
What is a mortgage?
A Mortgage is a type of loan given to finance a property purchase. Monthly payments are made to the lender based on an agreed rate, for an agreed period of time. As with most loans, collateral is needed to secure a mortgage. When applying for a mortgage loan the collateral put up by the loanee is the property being purchased.
Do I need a mortgage broker?
Anyone applying to buy a property can benefit from the experience of a mortgage broker. However there are circumstances when using a mortgage broker can be even more useful:
- You are buying a property and need to find the best loan rates
- You are self employed or have irregular income
- You have previously been rejected by mortgage lenders
- You need support with applying for a mortgage
- You require a bridging loan, or have multiple properties
What type of mortgages do you offer?
At JWD Mortgages we have a range of mortgage services designed to help home buyers. These range from supporting first time buyers, to remortgages, specialist lending, buy to let agreements and more. Our mortgage advisors have helped hundreds of homeowners secure the best mortgage rates and can even help you secure income or mortgage protection too.
Which lenders do you work with?
As a whole of market mortgage brokers, we have access to all major UK lenders. This includes all high street banks and building societies. By having access to all major lenders we can compare all the best rates on the market. We also have a network of specialist lenders that you can learn more about on our specialist lending page.
Can I schedule a call to discuss a mortgage?
Absolutely. We have a booking system readily available so you can arrange a call to speak with our mortgage brokers at a time that suits you.
How much does a mortgage broker cost?
We offer free mortgage support for remortgages, however JWD Mortgages are not a fee free mortgage broker. This is because we offer a more personal mortgage journey than large brokerages. Our mortgage brokers will take the time to help you understand each part of the mortgage process and constantly monitor the market to ensure you secure the best rate available. Even if a better rate becomes available! Our pricing structure can be found on our about us page.
How long does a mortgage application take?
The length of a mortgage application can vary depending on a range of factors, however the average approval time is around 2 weeks. During the waiting period, your mortgage lender will have the property surveyed as part of the valuation process and underwrite your mortgage offer.