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Arnold Sales Lettings
Long Eaton Estate Agents
Long Eaton Lettings
Stapleford Sales
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Beeston Lettings
Professional Commercial Department
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Accounts Department
Beeston Estate Agents

Robert Ellis Estate Agents

35 years experience selling and letting properties in your area.

Menu Get an INSTANT Valuation
Call us today
Arnold Sales Lettings
Long Eaton Estate Agents
Long Eaton Lettings
Stapleford Sales
Stapleford Lettings
Beeston Lettings
Professional Commercial Department
The Mortgage Company
Accounts Department
Beeston Estate Agents

Banks, Building Societies & Brokers

Banks, Building Societies & Brokers

1. Your bank will give you the best mortgage deal on the market, right? After all, you have banked with them for many years so they will give a better deal for your loyalty.

2. Even if they don’t quite have the best deal, the bank manager knows all about your finances so will ensure that the mortgage is offered quickly?

3. Should they not have the very best deal, and may take a few weeks longer than expected to get your mortgage approved, why would you pay a broker to arrange your mortgage for you?

These are probably the three biggest objections I hear as to why customers do not want to seek advice from a mortgage broker, so let’s look at these points in turn.

1. At any one time, there are likely to be over 3,000 different deals from over 80 lenders. Therefore, the odds of you speaking to the bank or building society that have the best deal for you, on the very day you contact them, is actually quite small. Even if you do happen to be speaking to the ‘right’ lender on the ‘right’ day, as a general rule there are changes in the interest rates for many lenders every working day.

By the time you go back to that bank or building society to make your application, whilst their rates may not have changed, another provider may now have a better option. A mortgage broker would point out to you the change of rates, but would your bank tell you than another provider can do a better deal than they can? What about loyalty – brokers won’t have access to special rates, will they? Actually, they do. We know that some lenders give better fees for having certain types of bank accounts with them, or give slightly lower rates or a cash back for being an existing mortgage client. Not only do brokers know about this, they have access to these rates too and will advise you accordingly.

2. With regards to the processing of a mortgage application, your bank or building society are not allowed to give you a preferential level of underwriting based on your existing relationship with them. No matter how well you feel your bank manager knows the conduct of your accounts, the underwriter on the mortgage processing side of the business will assess your application based on the facts in front of them against their policies and criteria.

Some mortgage lenders receive hundreds, if not thousands, of applications each and every day and take each one in turn. The processing of these applications, other than in the very smallest of building societies, is done at a separate administrative unit that is not within the branch network. Therefore, the influence that a bank manager can have is minimal. Mortgage brokers have a choice of which lender to use, so it is important that the lender provides excellent service to brokers. Should a lender’s service levels drop, a broker will advise their client accordingly as they would not want to risk losing the property they are purchasing.

In some respects, the service of the provider can be just as significant as the interest rate. Most banks and building societies have business development managers that brokers have access to in order to step in should service become an issue. These business development managers usually have direct access to the underwriters, which means that applications made through brokers will often be approved quicker than those made directly with the bank.

3. Our own bank will only offer a product from their product range and will never tell you another lender will offer you a better interest rate, they will also not tell you, another lender is offering a product with a free basic valuation, no fees and cashback.

Although they are happy to charge you £200 – £300 for a valuation, add up to £1,000 – £1,500 fee to your borrowing and give you no cashback. In addition, the bank will only offer their own criteria. Different banks offer different lending criteria and different borrowing amounts, which could make a massive difference in the house you want and the house you buy because your bank tells you this is all you can borrow.

In contrast, a MORTGAGE BROKER could save you the valuation fee, get a product with no fees and obtain a cashback of between £500 – £1,000, not only this but could get you a lower interest rate. However I am not going to use a mortgage broker because they might charge me a fee, is what you may say to yourself

The SAVING, using a mortgage broker could add up to £2,000 of fees even after paying the broker a fee.

In summary, in order to have the best chance of finding the most suitable rate for you, with a provider that will process your application in a timely manner, you should seek professional advice from a qualified mortgage broker. The Mortgage Company is our sister company and will help you with all your mortgage and protection needs, for a no obligation chat please call 0115 9518898 to arrange an appointment

Robert Ellis Team

About Robert Ellis

Robert Ellis is a leading estate agent that has been facilitating house sales and rentals for customers across Nottingham and the surrounding towns and villages for over 35 years. They have branches in Beeston, Long Eaton, Arnold and Stapleford offering residential and commercial sales and lettings, property management services and mortgage advice. With houses, flats and commercial premises to suit all tastes, budgets and preferences, the team at Robert Ellis provides a friendly and comprehensive service for buyers, sellers, landlords and tenants alike.

Their expertise in all areas of the property market is reflected in the positive reviews they have received from previous customers, with a rating of 4.9 out of 5 from over 2,500 reviews on Reviews.io. They are also multiple Gold-winning estate and lettings agents in the British Property Awards 2022-2023 and received a Gold Award for both sales and lettings in the Best Estate Agent Guide 2023.

To find out more about Robert Ellis estate and letting agents you can read our about us page here

Find Your Nearest Robert Ellis Branch

Our happy, experienced team can lighten your workload and brighten up your day

Arnold Sales & Lettings

78 Front Street,

Arnold,

Nottingham

NG5 7EJ

0115 6485 485 Find Out More

Beeston Estate Agents

12 High Road,

Beeston,

Nottingham

NG9 2JP

0115 922 0888 Find Out More

Beeston Lettings

130 High Road,

Beeston,

Nottingham

NG9 2LN

0115 922 9090 Find Out More

Long Eaton Estate Agents

5 Derby Road,

Long Eaton,

Nottingham

NG10 1LU

0115 946 1818 Find Out More

Long Eaton Lettings

11 Derby Road,

Long Eaton,

Nottingham

NG10 1LU

0115 946 6946 Find Out More

Stapleford Lettings

30 – 32 Derby Road,

Stapleford,

Nottingham

NG9 7AA

0115 949 6740 Find Out More

Stapleford Sales

30 – 32 Derby Road,

Stapleford,

Nottingham

NG9 7AA

0115 949 0044 Find Out More

The Mortgage Company

50 – 52 Market Place,

Long Eaton,

Nottingham

NG10 1LT

0115 951 8898 Find Out More

Arnold Sales & Lettings

Beeston Estate Agents

Beeston Lettings

Long Eaton Estate Agents

Long Eaton Lettings

Stapleford Lettings

Stapleford Sales

The Mortgage Company

Find Your Nearest Robert Ellis Branch

Our happy, experienced team can lighten your workload and brighten up your day

Arnold Sales & Lettings

Arnold Sales & Lettings

78 Front Street,

Arnold,

Nottingham

NG5 7EJ

0115 6485 485 Find Out More
Beeston Estate Agents

Beeston Estate Agents

12 High Road,

Beeston,

Nottingham

NG9 2JP

0115 922 0888 Find Out More
Beeston Lettings

Beeston Lettings

130 High Road,

Beeston,

Nottingham

NG9 2LN

0115 922 9090 Find Out More
Long Eaton Estate Agents

Long Eaton Estate Agents

5 Derby Road,

Long Eaton,

Nottingham

NG10 1LU

0115 946 1818 Find Out More
Long Eaton Lettings

Long Eaton Lettings

11 Derby Road,

Long Eaton,

Nottingham

NG10 1LU

0115 946 6946 Find Out More
Stapleford Lettings

Stapleford Lettings

30 – 32 Derby Road,

Stapleford,

Nottingham

NG9 7AA

0115 949 6740 Find Out More
Stapleford Sales

Stapleford Sales

30 – 32 Derby Road,

Stapleford,

Nottingham

NG9 7AA

0115 949 0044 Find Out More
The Mortgage Company

The Mortgage Company

50 – 52 Market Place,

Long Eaton,

Nottingham

NG10 1LT

0115 951 8898 Find Out More

-/5

Verified customer feedback

- rating based on

- reviews

Excellent

  • Raj

    My first time selling a property and I have to mention the service was excellent. I dealt with Joely Golding and she was fantastic throughout the whol...e process! Thanks for all the hard work it was much appreciated :)

    2 days ago

  • Anonymous

    They were professional and responsive during the sale of my flat. They followed up when I called with questions and relieved any anxiety. The sales...process was rather slower than normal but the sale stayed on course.

    2 days ago

  • Chris

    Very helpful. Always easy to get hold of on the phone and willing to answer your questions. Joely was great, 5 stars!

    4 days ago

  • Anonymous

    Great service from Joely from start to finish with our purchase. Would highly recommend. Thank you once again

    4 days ago

  • Anonymous

    We have always found Robert Ellis very professional. We have sold three properties with them over the years. Each time they made the process very easy.... We were happy with the realistic valuations they gave us. Each time the sale ran smoothly, each time we sold within less than a week! . Recently we asked Mark Philpott to value a property we are thinking of selling. He was very professional, We were happy with the valuation and we are confident that when we come to sell we will be in safe hands with the team at Robert Ellis

    5 days ago

  • Sue

    Very pleased with the service at Robert Ellis concerning my sale. All the team were very efficient and very friendly especially Liv who I saw through...out the process and who gave me a shoulder to cry on at the end. I would recommend them to anyone.

    6 days ago

  • Owen Atkinson

    The service received was second to none, consatant communication with the customer as to were the sale or viewing's were at, googd over view of the po...tential purchaser. would definitely recomend to friends and family.

    1 week ago

  • Owen

    Wonderful experience very prompt and professional with up dates and always available and happy to help Lauren and Megan. Thanks , also handover was ve...ry easier and relaxed

    1 week ago

  • Mrs Stevenson

    The team at Robert Ellis were friendly, professional and efficient. They communicated with me whenever there had been a viewing and liased between the...buyer and myself until the sale was completed. Definitely recommend the team at Arnold branch of Robert Ellis.

    1 week ago

  • Jan Watts

    We had quite a difficult sale due to buyers pulling out, but we were kept up to date at all times, Sandra, Megan, Lauren and Holly were really helpfu...l and supportive, and patient when we were frustrated. We highly recommend Robert Ellis Estate Agents and would not hesitate to use them again.

    1 week ago

  • Anonymous

    Good service, Joely always made herself available with help and advice. Would recommend to other people

    1 week ago

  • Hannah

    Robert Ellis Long Eaton have fantastic throughout the process of buying my New House! All Thanks to Holly Torr & Robyn Smith. Holly was super Frie...ndly, got back to me exactly when she sad she would, and kept me updated every step of the way. Robyn's been great in accomodating all my questions, (there's been alot). Even allowing my dad to come check the Roof and measure the fence panels. They've both been fantatsic from start to finish, it's been a great experience buying this house. Thankyou both, I can't wait to move in!

    2 weeks ago

  • Finlay

    Fantastic service from Harry and Joely. They went above and beyond for us

    3 weeks ago

  • Phil

    Very professional team at Robert Ellis. I personally dealt with a number of staff which were excellent from start to completion of our property sale....We live in Australia and the correspondence and updates through out the sale was superb. Thank You.

    3 weeks ago

  • Alice

    The branch completed a challenging house move for us. There was a double transaction with us buyer the neighbours land at the same time as the house....Mark was very understanding and patient with the complications and we are very happy with the service we received. Thank you.

    4 weeks ago

  • Clint Elliott

    Friendly staff with a professional attitude, did very well at selling the property with minimal hassle in a currently turbulent market.

    1 month ago

  • Adam Watters

    Lorraine and the team was very helpful and informative, always keeping me upto date on purchase.

    1 month ago

  • Robert Day

    Would like to thank everyone who has helped me and Emma sell 30 Wood avenue, keeping me updated. THANK YOU 😊.

    1 month ago

  • David

    We have received excellent service from your Long Eaton Office especially from Caroline who has been extremely helpful & a calming & knowledgeable inf...luence especially with our purchase of a new build property. We have not dealt with your estate agency before & although very stressful at times for ourselves, as our first prospective purchaser pulled out, Caroline was very helpful & approachable & contacted us regularly to keep us updated on progress. I can't recommend her highly enough. Many thanks again Caroline Best regards Liz & David

    1 month ago

  • Adrian

    Even in a fairly difficult house sale , the staff at Robert Ellis were very knowledgeable and supportive . I'd also like to give a special thanks to J...oely who was particularly helpful in the whole process . Thanks to all the team , and I would certainly recommend Robert Ellis to anyone else . Thanks , Adrian Bowley

    1 month ago