What does a finance broker do?

In today’s post we want to share a little more information about what a finance broker does, how the process works and the advantages of using one. Let’s dive straight in.

What does a finance broker do?

A finance broker’s aim is to get you the best financial deal available – in a nutshell, being the matchmaker between an individual or business and a lender.

Organising finance can be really overwhelming which is why many people choose to use a finance broker. A broker is an expert in their field and will have relationships and contacts with numerous banks and lenders. They also know which financial products will best suit your needs and which lenders are most likely to lend to you based on your individual circumstances. These relationships enable the top rates and deals to be negotiated, and mean that often you’ll save money (and time).

How does a finance broker work?

Let’s break it down;

1) You’ll share what your requirements are. This might be details for the car you want to buy or how much money you’d like to borrow for your business. A broker will then get to work researching the best options.

2) A finance package will be presented which will best suit your needs.

3) If you’re happy, the paperwork will be submitted and your finance arrangement will be organised through the broker, making the process as straightforward and stress-free as possible.

Why should you use a finance broker?

There are many reasons why it’s beneficial to use a broker. From being able to access the most competitive rates to saving you time by doing the research and hard work on your behalf. As mentioned above, a finance broker is an expert in their field and will provide you with valuable advice and options; this takes the stress out of the process and is also likely to be saving you money! You can read more of the benefits in our post here.

Dorsia Finance is an asset finance and car finance brokerage based in Lincoln. Get touch by emailing info@dorsiafinance.co.uk or giving us a call on 01522 420 420. 

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