In short, it’s free.
Smartr will research the whole of the mortgage market for you to find you the best mortgage for your situation. This means working out the best possible savings if you’re remortgaging, and the lowest possible rate if you’re buying. Our qualified mortgage consultants will assess your options from the 20,000 mortgages they have access to, and let you know the costs of taking out the most suitable mortgage upfront. That’s all upfront and ongoing charges for the best mortgage for your situation, and up to this point you pay us absolutely nothing.
Before applying for a mortgage, we will work out your mortgage options based on your income, your outgoings, the size of the loan required, your deposit, as well as lots of different variables that are important to lenders when assessing what they will lend to you. It’s important that we get you the best possible mortgage deal you can qualify for.
We will then outline the cost of that mortgage in a document, and ensure you understand it. This includes the upfront fees charged by the lender, as well as fees for third parties like surveyors who have to value the property. Some of these fees can be added to the mortgage. We will also outline the monthly costs so you know your mortgage payment and can budget for it.
First of all, don’t assume that you can qualify for every mortgage deal on offer. Shopping around for the best rate would be really simple if everyone could qualify for every mortgage. Sadly, this isn’t how it works. Every lender has criteria that you have to meet in order to be granted a mortgage, and criteria differs from lender to lender, and has many variables.
Price comparison sites are a great way to understand a ‘best case’ cost for your mortgage based on your loan requirement and deposit, but they won’t tell you whether the lender with the best rate will say ‘yes’ to your application.
At smartr we are experts at navigating through the complex criteria of lenders to ensure we only recommend a mortgage that you qualify for. So, we will offer you the benefits of a price comparison site with the added benefit of knowing you’ll get the mortgage you want to apply for.
Smartr is regulated and authorised by the Financial Conduct Authority (FCA), who ensure that firms work to high standards when advising customers like you. You have peace of mind that any recommendations we make and mortgages we arrange are suitable for your needs. Details of how the FCA regulate us and your rights as a customer can be found in our Terms of Business.
When applying for a mortgage you will share a lot of your personal information with us. We promise to handle your data securely and sensitively, and only for the purpose that you have passed it to us. Further information on how we handle your data can be found in our Privacy Policy.