Why use a mortgage ADVISER?

at the end of your fixed deal or as first time or return buyer, if you approach your bank you will be provided with mortgage products from ONE lender. Those mortgage products offered might not be in the top 50 or 100 available to you, but without checking the full market you would not be aware. An adviser assesses your full needs and requirements and sources the most cost affective mortgage solutions for you from the entire market not just one bank or building society.

An adviser has access to whole of the mortgage and protection market through a comprehensive real time data base. Meaning, any product available throughout the UK by any lender can be a realistic option and solution at the click of a button. If you were to try and source the same options on your own, it would take weeks or months.

Historically home owners would simply go to their high street bank and accept their new mortgage terms for another set period. Currently there are over 200 different mortgage lenders in the UK, all with different lending criteria and rates. Your adviser will have access to all of them and can secure the best deal for you. 

An adviser will understand the specific needs and requirements of your case, the lenders unique selling points and specific lending criteria. All cases/situations are different and your adviser will know which lenders will be a good match based on your situation.  

They will make the whole mortgage journey run smoother than if you were to carry it out alone. They will act as an intermediary or link between your unique needs and the lender whilst simultaneously offering expert advice based on training and recent experiences of similar situations. They can be as involved as you require them to be. 

A mortgage adviser is a trained professional who knows the mortgage market and understands your individual needs. They will explain and communicate with you throughout the process and ensure that you feel in complete control of the mortgage journey. There is a peace of mind in knowing that a trusting professional can save you time and money and is responsible for your personal finances. 

Your adviser will charge a client fee in the same way that a conveyancer/solicitor, the surveyor carrying out the home valuation and of course the estate agent will. While a mortgage broker’s client fee will be cheaper than those other ‘agents’ in the process, it is still something to be factored in. A trusted adviser will be exactly that. If the best option for the client is to stay with their initial lender that will be the advice given. In this situation Môr would not command any fee. It is simply providing the best advice. 

A mortgage adviser will have access to exclusive deals. If you do not use a mortgage broker these deals will be unavailable to you. 

They will be able to source the entire mortgage network for you. Some lenders only deal with mortgage advisers and will not deal with a client directly. Those products will be unavailable to you. 

A mortgage adviser will act as the go-between on all aspects of the journey. Without the use of a mortgage adviser the client will have to work directly with the lenders. A good adviser is also there after their part of the process has been finalised. They will act as a sounding board on all things.