There are a lot of things you should put into consideration when you are picking a mortgage advisor in Bournemouth. A number of mortgage advisors and brokers will suggest mortgages that are available from a chosen panel of lenders. At the same time, if you speak to an advisor who is based in building society or a bank, they will tell you about their own product scope only.
Because of that, it is a wise idea to enquire from your mortgage broker if they look at all the products from every lender available. You boost your options and you get access to a broader scope of deals when you make use of the aforementioned kind of brokers.
Some lenders do not sell their mortgages through brokers and directly offer them to clients only. Brokers are not obligated to tell you about these deals. Although, it is worth asking your broker if they would offer you advise, after searching the entire market, on any direct deal you might obtain by going to a lender yourself.
Besides talking to a broker, it might be wise of you to conduct a personal research to find out the available deals.
Get the most out of your advisor
Ensure that your mortgage advisor in Bournemouth is approved to provide mortgage advice by checking with the Financial Services Register.
Your mortgage advisor in Bournemouth should do the following:
• Carefully explore your situations
• Give explanation about various deals and kind of mortgage that exist
• Give you advice on which ones are suitable for your needs
• Be able to provide you with good, lucid reasons why a certain mortgage deal is being recommended.
If you have a feeling that you have been given bad advice, you can place a formal complaint. But you should go to the company where you got advice first, and check if they can solve the problem.
So now you know how to choose a mortgage advisor... how about choosing an IFA? We've got that covered here!