Mortgage advisors directly connected to a lender
- They only recommend mortgages that come from specific lenders.
- You can save money by avoiding upfront broker fees.
- Several lenders offer exclusive discounts or rates to their existing customers.
- You may find it easier to use the mortgage advisor of your current lender if you are remortgaging.
Independent financial advisors or mortgage brokers
- You can get mortgages through a variety of lenders. They know the criteria for acceptance.
- You will be able to deal directly with your lender.
- Some brokers can provide a wide range of products. They may not cover all products. You’ll need to choose the right advisor if you require a particular mortgage such as Buy to Let or Interest Only.
- When you are looking for a mortgage broker, an advisor who offers a “whole market” service is a good choice. When you need a Mortgage advisor Gloucester, visit https://www.geniusma.com
Compare all deals, including any fees or charges. This will help you choose the right option.
- You’ll be asked to provide your financial information to ensure that you meet the lending criteria and affordability requirements of each lender.
- You can often get help from them to complete your paperwork so that you will be able to submit your application faster.
- If the amount of your loan changes due to negotiations, they can adjust it.
- You’ll be able to take into consideration all of the costs, features and benefits associated with the mortgage beyond the rate.
- You will be told which mortgages you are likely to receive.