Pros And Cons of Hiring Mortgage Broker London

 

Hiring a trusted and experienced mortgage broker is extremely important in finding the best debt solution and in securing market leading interest rates. Silver Oak Capital is renowned as the top commercial mortgagebroker UK. We have a network of over 300 lenders to consider your mortgage query. There is serious competition between lenders in the UK that’s why securing the services of a mortgage broker London focused as this is where most of the lenders have head-offices. We focus on large mortgage loans between 1 million and 20 million and have the expertise to help you find a market leading interest rate. We will describe the pros and cons of working with a mortgage broker. The pros include savings time and money in searching for the best interest rate. 

Most mortgage lenders have different lending criteria and are searching for different types of clients. They also have appetite for different loan sizes or asset types. For example some lenders specialist in high value properties over 5 million pounds. There are plenty of high street lenders in the UK who focus on smaller flats and houses - these include Barclays, Santander, Natwest, Royal Bank of Scotland, Halifax and Nationwide Building Society. Private banks in the UK that specialise in larger property transaction include UBS, Credit Suisse, Royal Bank of Canada, Barclays Wealth, EFG, Butterfield Bank and Investec. We have built strong working relationships with all these lenders and know their different lending policies extremely well. 

The ability for us to save the client valuable time and money is what justifies our fees we charge clients for performing the commercial mortgage broker service. When it comes to commercial mortgage loans there is a totally different set of lenders to consider. When looking for a mortgage on a commercial building such as an office, warehouse, care home, retail unit or block of flats then Silver Oak Capital has plenty of experience in funding these types of assets. Banks such as Lloyds Commercial, Investec, Barclays Commercial, Santander Commercial, State Bank of India and Shawbrook Bank are best suited to funding such projects. 

Apart from these mainstream lenders - there is a large consortium of so called challenger banks who are very active in the UK market and have large pots of liquidity with aggressive lending targets. It is extremely important to consider all of these lenders when looking at any new loan query. Lender criteria also changes alot over time so we have a team dedicated to keeping up to date with all these developments which ensures we have the latest information and keep out clients abreast of any new changes to their own lenders’ policy. Trying to deliver each clients unique expectation is a challenge but this is something we are used to and have become accustomed to. It is important to know that although our head office is based in London - we operate through most western European countries so have similar networks of lender in each of the major European finance centres such as Paris, Madrid, Monaco, Frankfurt and Geneva.