Meet Akhil Mair, managing director of Our Mortgage Broker
Tell us a bit about your business.
Our Mortgage Broker (OMB) is an acclaimed mortgage advisory firm specialising in mortgages, protection, and property finance advisory services.
With a track record of excellence, we provide expert guidance and advice in mortgage, property finance and insurance protection related matters.
Whether you require assistance with securing a mortgage, protecting your assets, or navigating property finance, our award-winning team can assist you, as we continue to be a partner to thousands of clients since 2018.
Where are you based and where do you operate geographically?
Our team of knowledgeable advisors primarily operates in London and the home counties, with our head office conveniently situated in Mayfair, London.
Despite our central location, we are proud to offer support and services to clients all across the United Kingdom.
Rest assured that regardless of your location within the UK, our dedicated team is here to provide you with expert guidance and assistance.
What are the main issues impacting your local market?
As we move into Q3 2023, the UK property market is experiencing distress and uncertainty due to a range of factors originating from both domestic and international sources.
These factors are creating a challenging environment for the property market in the UK, leading to a sense of unease and uncertainty among stakeholders.
Changes in the overall economic climate, such as interest rate fluctuations, employment rates, and inflation, are significantly impacting the mortgage market.
Regulatory changes implemented by the Government and financial institutions continue to influence the mortgage market.
Local housing market conditions, such as supply and demand dynamics, property prices, and housing affordability, are affecting the mortgage market.
The mortgage market has experienced a notable influence from the Bank of England’s consecutive interest rate increases.
Over the course of 12 successive rises, mortgage rates have been greatly affected, shaping the lending landscape for borrowers.
What challenges are you facing as a broker?
The mortgage industry faces several challenges that mortgage brokers currently encounter. While conditions can vary, some of the main challenges include: regulatory changes, mortgage market volatility, lender relationships, customer expectations and economic uncertainty.
Despite these common challenges, we are confident in our capabilities and have established robust processes to overcome obstacles in the mortgage industry.
We maintain an agile approach, allowing us to adapt to changes swiftly.
By leveraging technology, fostering strong industry relationships, and prioritizing exceptional customer service, we remain well-equipped to navigate the ever-evolving landscape of the mortgage market.
Our commitment to excellence ensures that we continue to deliver optimal solutions for our valued clients.
What are the main opportunities for brokers in your area and nationally?
Our ethos is simple, business opportunities are like buses, there’s always another one coming.
Our team continue to find ways to innovate and builder stronger client and lender relationships. We are optimistic about the outlook of our industry and are confident in the housing market long term.
The demand for mortgages continues to be strong, driven by factors such as population growth, housing needs, and borrowers needing to refinance the upcoming expiring interest rates.
The OMB team are capitalising on this demand by offering our expertise and services to borrowers seeking mortgage solutions.
We are proud of being an independent and truly whole of market mortgage advisory firm. This access enables us to offer borrowers a variety of mortgage options and find the best fit for their unique financial situations.
Many borrowers value the guidance and expertise provided by mortgage brokers. We can quickly and effectively assess borrowers’ financial circumstances, offer personalized advice, and navigate the complex mortgage landscape on their behalf.
This expertise is particularly valuable for first-time buyers or those with unique financial situations.
We continue to self-educate by staying updated with market trends, interest rates, and lender offerings.
This knowledge allows us to provide valuable insights and help borrowers make informed decisions when choosing a mortgage product.
The team have strong relationships with real estate agents, financial advisers, and other industry professionals who generate referral opportunities for us.
Collaborating with these professionals expand our broker’s client base and enhance our reputation within the industry.
Our core focus remains in four niche markets, residential mortgages, buy-to-let, commercial finance and insurance & protection.
By specialising in these areas, the specialist advisers are experts in catering to specific borrower needs and establish a competitive edge amongst our peers.
What could lenders do to help further your business?
In both challenging and favourable times, it is essential for all of us to exert our utmost efforts.
As integral contributors to our clients’ journeys, we must unite and collaborate in the most efficient way possible.
I firmly believe that the foundation of any success lies in maintaining effective communication and fostering strong relationships.
By prioritizing these aspects, we can ensure that we provide the highest level of service and support to our valued clients.
What sets you apart from the competition?
At OMB, our core values centre around going above and beyond for our clients.
We prioritize their interests and needs, placing them at the forefront of everything we do.
As a trusted advisory firm, we uphold principles of impartiality, independence, and transparency.
These values have earned us the trust of thousands of clients across the UK, and we continue to strive for excellence in serving their financial needs.
How should potential borrowers contact you?
We have made it convenient for both potential and existing clients to schedule meetings with us through various channels.
Whether it’s in-person, over the phone, via email, or through our social media channels, we have streamlined the process to ensure easy communication.
You can find more information and reach us at our website, www.ourmortgagebroker.co.uk, or by calling our office at 0203 971 1234.
We look forward to assisting you with your mortgage and finance needs.
