Can I give mortgage advice?

Can I give mortgage advice?

When buying a mortgage, you can get advice directly from a lender (like a building society or bank), or from a mortgage broker or financial adviser. In each case, you will be asked about your personal circumstances and needs, income and spending, and future plans.

Do banks charge for mortgage advice?

Fees. Mortgage brokers might charge you for their service depending on the product you choose or the value of the mortgage. Others will be free to you but they’ll receive commission from the lender. They should tell you up-front how much you will pay for their services.

When should you seek mortgage advice?

Other times when you may need advice include remortgaging, buying your next home or buying a second property, especially if you need to borrow more. An adviser can also find you the special mortgages you’ll need if you buy-to-let, or purchase business premises or a holiday home.

Is it worth speaking to a mortgage advisor?

It’s important to see a mortgage adviser at the start of your mortgage journey whether it’s your first mortgage or your looking to re-mortgage. It will save you a lot of time and effort in the long run. It’s good idea to speak to a few different firms to see what’s on offer and to compare fees.

Is a mortgage advisor worth it?

Is it worth using a mortgage adviser? They might be able to save you thousands of pounds if they can find you a mortgage deal with a cheap interest rate. Some even have access to exclusive deals only available through their business, so you might get more choice than you would get if you decide to go it alone.

Can I speak to more than one mortgage advisor?

2 Answers. While it is possible, it’s not a really good use of your time or theirs. Mortgage brokers have access to dozens of lenders, can assemble deals you can’t even dream of, and are much more intimately acquainted with the latest lending rule changes than you are.