Why do I Need an Independent Mortgage Advisor?
By Mike Gall. February 11, 2022.
Whether you’re ready to apply for your first mortgage, whether you’re seeking to remortgage an existing property, or whether you’re upgrading to a larger home and need an increased home loan, getting help from an independent mortgage advisor is the best course of action.
Independent mortgage advisors provide impartial advice about the different mortgage options available to you, helping you find the best mortgage deal to suit your requirements. Since they aren’t part of any bank or mortgage company, you can be confident that any mortgage deal they recommend is based on unbiased information.
There are several reasons why you should consider using an independent mortgage advisor, so let’s take a closer look at them here.
Are Independent Mortgage Advisors Unbiased?
Yes! Independent mortgage advisors don’t work for any specific lender, bank, or financial institution, so you can rest assured that they have nothing to gain from recommending a particular mortgage product. You can enjoy the complete peace of mind that comes with knowing that they will help you find the best mortgage for your needs, including your situation, income, and budget restrictions.
Mortgage Advisors Have Useful Connections
You may have heard the old saying, “it’s not what you know, but who you know.” This is where independent mortgage advisors can prove to be invaluable.
Mortgage advisors have a good understanding of all the different lenders and their products in the marketplace at any given time, and they have access to lenders and brokers that you cannot find yourself. That means they can search for mortgages that aren’t available to borrowers who search on their own. As a result, using an independent mortgage advisor will ensure you have all the available options on the table, not just the ones you can find online.
Mortgage Advisors Have In-Depth Knowledge of the Mortgage Process
Many prospective borrowers, especially first-time buyers, often find the process of obtaining a mortgage complex and challenging to navigate. An independent mortgage advisor has all the necessary expertise to help in this respect. They have an in-depth understanding of every stage and nuance of the application process so that you can benefit from their experience and insider knowledge.
Are all Mortgage Advisors Independent?
Seeking advice from a professional in the industry when you’re ready to apply for a mortgage is always a good idea, but it’s imperative to ensure that the mortgage advisor you choose is impartial and independent.
Not all mortgage advisors fall into this category since some are linked with specific lenders.
When you work with an independent mortgage advisor, you can be confident that you will be sold a mortgage that is right for you. As a bonus, you’ll gain access to a wider variety of deals, rates, and products, and you’ll benefit from a wealth of insider information about the entire mortgaging process.
With all of this in mind, it isn’t hard to see why using an independent mortgage advisor is such a good idea!
Getting Expert Advice
Do you need help with your mortgage?
As an independent mortgage advisor, I can help. Give me a call on 07739309247 `visit my website at https://mikegall.co.uk/ or send me an email at info@mikegall.co.uk.
I’m looking forward to helping you through the mortgage process.