Our Key Facts disclosure document, will be provided to you at our first meeting. Part of this document states;
“We offer a comprehensive range of mortgages from across the market, but not deals that you can only obtain by going direct to a lender.”
As a mortgage broker, we have access to a number of ‘broker only’ mortgage deals that do not appear in branches or show on search engines.
There are very few Lenders that do not offer their mortgages directly through Mortgage Brokers; some notable examples are HSBC, First Direct and Tesco Bank.
Upon request, we can show you these direct only Mortgage Lenders on any search of the market we do for you. We will not recommend these Lenders as the lending criteria, policy and service standards will not be known to us which could lead to problems for you if you tried to apply for a mortgage.
We understand some Lenders who have not used Mortgage Brokers in the past are now looking to use Mortgage Brokers. The number of Lenders we have open to us covers a very large percentage of the marketplace and continues to grow.
Unlike some Brokers, we do not operate a ‘restricted’ or ‘preferred’ panel of Mortgage Lenders. This means we can deal with any Mortgage Lender that will deal with Oak Tree Mortgages.