Skip to main content

Is it worth using a mortgage advisor?

Whether you’re in search of a new home or coming towards the end of your existing mortgage deal, speaking to a mortgage advisor can help simplify the journey and do a lot of the hard work for you. But that’s not all, there are a wide range of reasons why you should speak to a mortgage advisor.

They take the time to understand you and your circumstances

Understanding your position and objectives a mortgage advisor is best placed to recommend lenders that will accept your application with the right rate, fees and flexibility.

They will be able to explain the different types of mortgages and types of deals available, how much you can borrow.

Getting the right lender is important because every credit application leaves a mark on your credit file, meaning unsuccessful applications may impact your chances of getting a successful application on second and subsequent applications.

They may have access to products not available directly

Some lenders only accept applications from intermediaries and advisors to make sure their products are suited to their customers. Other lenders have product lines only available to intermediaries. Speaking to an advisor can help get you the most appropriate mortgage for your circumsances.

They will make your mortgage application easier

From completing your application for you, to understanding the requirements a lender may need ahead of them requesting it, a mortgage advisor can make your mortgage application smoother and leave one less thing to worry about as they manage the application through to you getting your mortgage offer.

They give you peace of mind

The mortgage world is vast and the market changes regularly with interest rate changes, lenders and market conditions. Knowing you’re getting professional advice and have the most appropriate mortgage for your circumstances, you can focus on more important things.

Even if your current mortgage deal is coming to an end and it seems like a good idea to stay with your current lender on a new deal (it may be), having someone do the research can give you the confidence that you have the most appropriate mortgage for you.

They support your wider needs and circumstances

Mortgages are likely the biggest debts you ever take on in your life and having a broader plan to manage them is important. Mortgage terms are usually quite long, running into decades and life seldom follows a hassle, bump-free path for that long.

From helping insure your home fully, to building plans for difficulties such as illness, injury or even bereavement, a mortgage advisor can help you build a plan, as well as introduce you to other specialists, that mean your home and life can continue as you would want them.