Why use a mortgage adviser?

Anyone looking for a mortgage will be inundated with suggestions from friends, family and co-workers suggesting which company is the best; go direct; use a adviser, what should you do?

Buying a house is one of the most stressful things you can do. It’s a huge commitment that will have an impact on your financial future. The stress of finding a competitive affordable mortgage product can overwhelm anyone, so getting some help is exactly what you need.

Looking at various mortgages and gathering information takes time and requires effort that can be frustrating. Mortgage advisers can reduce that time as it is their job to know and follow products from a variety of lenders. Advisers also have access to products that may not be available to the general public.

Mortgage advisers also have a wide range of software available to them to source the best products based on the criteria of your case. You do not have to agree to the top option offered but the adviser will have to explain reasons as to why they (or you) did not go with the first option. This will rule out the ease of sticking to a particular lender.

Do your due diligence on a adviser, do an online search, look at the teams biographies. This will give you an insight into the people that will be helping you as well as their experience and current role in the company. Have a look at their google reviews.

Make sure you ask questions to make sure they know they're stuff and to see if they can be of any extra benefit to you:

1. Are you a regulated broker?

2. How many lenders do you have access to?

3. How do you charge for your services?

4. Which types of mortgage are available?

5. What is the interest rate and how will it change over time?

6. How much can I borrow?

7. How much deposit do I need?

8. How much will I be paying in fees?

9. Is the mortgage transferable if I move to another property?

10. Can you give advice on other things?

MWS Financial Advisers Limited are experienced and friendly. We have a knowledgeable team of advisers, who have a collective industry experience of over 100 years! So you can see the team that will be looking after you know their stuff! Contact Us Today for a free mortgage consultation!

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