Independent mortgage advisors are familiar with the different mortgages and lending criteria offered by lenders. They can research the market to find the best deal.
Finding these deals requires a lot of research and many conversations with lenders.
A financial advisor may also be able to find you a deal that is not available to you on your searches. You can improve your chances of getting a mortgage by using an advisor. They will know the best lenders for your situation.
These can be especially helpful when:
- You have a small deposit
- You haven’t worked for your employer very long
- you’re self-employed.
Mortgage advice is not always necessary
If you seek regulated mortgage advice, rather than conducting your own research, your mortgage advisor will recommend the best mortgage to suit your circumstances and needs.
You can file a complaint if the mortgage turns out not to be suitable for some reason. You can also take your complaint directly to the Financial Ombudsman Service.
However, if you don’t get advice, then you are responsible for the entire mortgage decision. For a Mortgage advisor Gloucester, visit https://www.geniusma.com
You could:
- Get the wrong mortgage for you
- Apply for a mortgage when you don’t meet the lending criteria of your lender.
When to consult a mortgage advisor
You should consult an advisor before you begin your mortgage journey. This is true whether this is your first mortgage, or if you are looking to remortgage. You’ll save a lot of money and time in the end.
Compare the fees and services offered by different companies.
