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Arnold Sales Lettings
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Stapleford Sales
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Accounts Department
Beeston Estate Agents

Robert Ellis Estate Agents

35 years experience selling and letting properties in your area.

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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

  • 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.

    3 days 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 week ago

  • Adam Watters

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

    1 week ago

  • Robert Day

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

    1 week 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 week 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 week ago

  • Rachael

    Harry Hackett and Joely Golding at the Long Eaton branch were wonderful! They were so helpful and would come at the drop of a hat to let us into the p...roperty to view, measure up and get quotes ahead of the completion date. They even offered advice on options for inside the property, which we have taken on. Everything was super efficient and we would highly recommend them! 😊

    1 week ago

  • Yulan

    Caroline has been very helpful, always friendly during our process of selling our house.

    2 weeks ago

  • Pam

    Wonderful staff, especially Holly, nothing too much trouble. Kept informed of progress throughout the sale. Helped all the way.

    2 weeks ago

  • David Green

    Thank you to Holly Who was all ways able and willing to offer advise And always available . Dealt with my enquires straight away and always return...my calls. I Never felt that anything was to much trouble for her. Excellent service.

    2 weeks ago

  • Emma Thrall

    It hasn't been an easy journey but Holly Torr at long eaton has kept us up to date and sane throughout the process thanks Holly!

    2 weeks ago

  • Rae Murphy

    Absolutely recommend purchasing through Robert Ellis Stapleford - especially happy with Beth at the branch. She was amazing from start to finish!

    2 weeks ago

  • Sally-Ann Roberts

    Brilliant service, was notified every step of the sale and a really friendly team .

    2 weeks ago

  • Mark

    Dawn was wonderful, helping me to sell my home and find a new one that I had not considered. She kept me informaed throughout and was always available...to help. Thank you Dawn.

    3 weeks ago

  • Frankie

    I would like to thank Joely at the Long Eaton office for her kind help and quick responses throughout the home buying process. Highly recommended...for her service. Wish to give her a 10* rating if I could!

    3 weeks ago

  • Gayle

    What a long journey this house sale has been - lots of ups and downs (due to 2 failed sales - not due to Robert Ellis) ....so lots of stress. This jou...rney has defintely been made much more tolerable by the lovely relationship we have established with Joely and Holly. They have kept us well informed and always been available to update us with honest, reliable information. Joely, in the later stages of negotiations even responded, on what I know, were days off work. I have so appreciated being able to speak to the team when required.. always caring and respectful and had empathy and understanding. We have received and very professional but personal service I feel. Highly recommend.

    3 weeks ago

  • Lynne

    Excellent service, our sale went through smoothly and we were kept up to date on progress by Holly Torr at every stage. Very professional and will be...more than happy to recommend.

    3 weeks ago

  • Kathryn

    Joely was fantastic during our first house purchase. She was professional and worked hard to push things along, and was always lovely to interact with...if we had questions or wanted updates. I wouldn't hesitate to recommend Robert Ellis based on our experience with Joely!

    3 weeks ago

  • Sue

    Joely is absolutely amazing. She looked after us from start to finish with the sale of our property!

    3 weeks ago

  • Toni

    Dawn Stokes at Robert Ellis has done an amazing job in helping me to sell my family home - more like 10 stars not 5 :) so efficient and always on the...ball - Thanks Dawn xx

    3 weeks ago