What is a broker?
A finance broker specialises in helping someone source funding such as a mortgage or loan or can source financial plans such as pensions or insurance. A broker can help find the right type of finance for you; how much, how long and whatever is needed. A broker can also help you find the best deal available, saving you both time and money.
As a whole-of-market independent broker, our advisers at Cornerstone Finance are not tied to any particular lender, ensuring they find you the most suitable funding solution.
Brokers are most beneficial to someone who needs guidance on finding the most appropriate finance or finance plan and want to cut through any jargon typically associated with lending.
So, you may be looking for finance or a finance plan. Why is working with a finance broker your best option?
5 reasons to use a finance broker
1/ Personal approach
From the initial enquiry to completion, a broker will be with you every step of the way. A broker takes the time to understand your circumstances and will work with you to source the best type of finance for you.
Our team have years of experience in financial services and are used to navigating the complexities of the finance industry. We’ll get to know you and understand your needs so that we can find a financial solution tailored to your requirements.
2/ Saving you time and money
Finding finance can be a long and tiresome process of communicating information with different providers, each with various criteria but the same repetitive paperwork. Online comparison platforms, built to allow consumers to find the best deal, typically offer very little transparency or education about interest rates. Brokers will not only save you time by doing the searching for you, but they will often be able to secure you a better interest rate because of their strong relationships directly with the lender.
3/ Shopping around
While finance may be necessary, it shouldn’t have to jump the queue in terms of priority. This is where a broker’s value becomes evident; once you have communicated your needs with the broker, your work is done. They will do the rest of the leg work for you and communicate with their panel of lenders, saving you the time and hassle of searching yourself. Brokers are on your side and will work tirelessly to help you find the best funding or plan.
4/ ‘Whole-of-market’ Coverage
Our brokers will assess your options across the entire market, giving you the best chance of securing finance and finding the best deal that may not be available to you directly.
Navigating the funding market can feel overwhelming, but we’re here to help. Brokers can help ease this burden through their hands-on approach, and they’ll give you straightforward answers to your questions to provide you will full transparency and clarity.
Finding the right finance or plan can have a major impact on financial health and should be treated with the same level of care as any other financial decision.
Using a broker vs going it alone
Finding finance through a broker may not be for everyone, as many businesses prefer a ‘hands-off’ approach or generally understand how to manage the process. However, having a broker on your side can be a real asset. If you’re looking for finance for your business, speak to one of our advisers to find out how they can help.