How a mortgage advisor can get you the best deal

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Easy internet access to best-buy tables and online applications mean that it has never been easier to go it alone when applying for a mortgage. But is this necessarily the best way to get a good deal? Using the services of a mortgage advisor can help ensure that you end up with the right product at the right price.

Expert Advice

Whether you are a first-time buyer or are looking to remortgage, the range of different mortgages and options available can be overwhelming. Mortgage advisors are professionals who are experts in this field. They act on behalf of their clients with the aim of finding them the right mortgage product. Using one can, therefore, make the process much easier and less stressful.


A mortgage broker will initially undertake an assessment of your financial circumstances to establish how much you can borrow. Lenders take a range of different factors into account when calculating how much they will lend, so the amount you can borrow can vary significantly between them. Your mortgage advisor will know which lenders would be best for you.

They will then seek to establish the type of mortgage product that meets your needs. They’ll ask you questions about your attitude to risk and ability to meet repayments so that they can advise about whether you should opt for a fixed rate, variable rate or tracker. They’ll advise you about the most appropriate mortgage term for your circumstances. And, with these established, they’ll be able to recommend the most competitive mortgage products that meet your needs from lenders who are likely to lend to you.


Once you have identified the right mortgage product, your advisor will be able to handle the mortgage application on your behalf. They’ll complete all the paperwork with the information you give them, collate all the documentation required and liaise between you and the lender as appropriate. If you don’t understand something or are concerned about time scales, just ask your advisor.

They may also be able to help you with other property-related matters such as finding a solicitor for the conveyancing and arranging home insurance or income protection cover. This can be particularly useful if you work full-time or need to arrange everything to a tight deadline.

Tied vs. Independent

When you are looking for a mortgage advisor, establish whether they are tied to specific lenders or independent. There are advantages and disadvantages to both. Whilst a tied advisor may only be able to offer you products from a panel of lenders, they may have access to better deals because of this. An independent advisor will have access to products across the whole of the market so will be in a strong position to find competitive deals. Either way, a mortgage advisor can often offer you better rates and terms than you can get by going directly to a lender.

A mortgage advisor’s role is to find you the mortgage product that suits your circumstances. And with a mortgage being the largest type of debt most of us will ever have, it makes sense to get it right.

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