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If you're looking for a new mortgage, the best action you can take is to contact an independent mortgage advisor. They can offer free*, no obligation advice on the type of mortgage that will be most suitable for your circumstances, and give you access to the very best rates available.
By completing the mortgage calculator below you confirm you are happy to be contacted by an independent mortgage advisor, who can give you accurate repayment figures.
Read below for the benefits of using a mortgage advisor.
The Benefits of using a Mortgage Advisor
There is a common misconception with mortgage advisors - that they are costly and restrict your choice of mortgage.
The realily is somewhat different.
First, we need to identify the two types of mortgage advisor that exist in the UK;
The first is a 'tied mortgage advisor'. They work on behalf of a mortgage company and only sell mortgages provided by that company. They can still offer advice on what type of mortgage will best suit your needs, but their choice of mortgage is restricted to those provided by the company they represent.
The second is an 'independent mortgage advisor'. Such mortgage advisors also offer advice on the right type of mortgage for your circumstance. However, when it comes to the range of mortgages they can offer you, they have the whole market to choose from.
Consequently, it's not hard to see that an independent mortgage advisor is more likely going to be able to find you the best mortgage deal available.
OK, so an independent mortgage advisor has access to the whole of the mortgage market, but with so much mortgage information readily available online why not do the work yourself?
Let's turn that question around - Why do the work yourself? Your answer may be "it's cheaper" or "I know I'm getting the best deal".
If your answer is "it's cheaper", we have some good news. In the vast majority of cases, there are no additional costs incurred by using a mortgage advisor as their fees are paid by the mortgage lenders.
If your answer is "I know I'm getting the best deal" there are a couple of things that may be worth considering. Many of the headline mortgage rates will come with early redemption penalties and other 'hidden' fees. A mortgage advisor is aware of these potential pitfalls and can therfore ensure you have a full picture as to the advantages and disadvantages of each mortgage.
Furthermore, some mortgages are not available to the general public and only available via mortgage advisors.
It's worth remembering that mortgage advisors provide advice on mortgage and arrange mortgages all day every day. They are experts on mortgages. We use experts in other areas of our life (doctors, dentists, plumbers, mechanics), so why not use one to ensure you pick the right mortgage? Especially when there is no obligation, the advice is free* and it will probably be the biggest financial committment you ever make!
Complete the form above to contact a local independent financial advisor.