“OUR OBJECTIVE IS TO HELP YOU OWN YOUR OWN HOME IN THE MOST EFFECTIVE WAY POSSIBLE”
Advice vs execution only
Take a chance
borrowing money against your home is probably one of the biggest financial decisions you’ll make, so it’s important to get it right. Lenders (usually banks) and brokers must offer advice when they recommend a mortgage for you. They’ll assess the level of repayments you can afford, by looking at your income as well as your debt repayments and day-to-day spending. This means you should end up with a mortgage that suits your needs.
Seek Professional Protection
Although most lenders and brokers must offer advice in almost all cases, you might be able to choose to reject the advice and find your own mortgage deal based on your own research. If you choose your own mortgage without advice it’s called an “execution-only” application. Most advisers must offer advice when recommending the most suitable mortgage for you. This means you’re protected and you can complain to the Financial Ombudsman if things go wrong.
A mortgage adviser, also known as an independent mortgage broker, is a specialist with in-depth knowledge of the market.
They’re able to look at a range of mortgage products which suit your needs.
There are three main types of mortgage adviser:
- Some are tied to a specific lender
- Some look at deals from a limited list of lenders, and
- Some check the whole market for a wide range of products
Even ‘whole of market’ advisers don’t cover everything, unless they explain they will cover the whole of the market but will charge you a fee for the advice and access to lenders that do not pay commission or are available if you go to the lender directly.
Releasing equity
If you’re thinking of taking out an equity release product, its wise to get advice from an independent specialist adviser.
All advisers recommending equity release schemes must have a specialist qualification.
If equity release is the right choice for you, they’ll be able to suggest the plan most suited to your needs by researching all the products in the market.
Insurance, protection when you need it most
Life insurance is one of those things when you need it, you usually cant get it. We can help arrange cover even if you have been turned away before. Don’t leave your loved ones without financial protection if you’re not there to take care of them
Making a Will or Power of Attorney
A will is probably one of the most overlooked documents to describe your final wishes and is very simple to draft. They don’t have to cost the earth, make sure you have your planning in place ask for a quote from us
