Compare mortgage broker: How to find the best mortgage advice

 Compare mortgage broker: How to find the best mortgage advice

 Compare mortgage broker: How to find the best mortgage advice

However, a qualified mortgage advisor can help you find a mortgage with a low level that suits your finances and guide you through the document.
Thanks to the Internet, we can compare mortgages online. We are also bombarded by advertisements from the high street banks offer different mortgage. It may seem strange to pay an extra fee to go to a mortgage broker - also known as a mortgage advisor - for help.
When lenders tighten their rules, a good mortgage advisor can also help you jump through hoops and in some cases find a mortgage for you that you can not apply to direct. Since April 2014, lenders and brokers should offer you advice if you go to them for a mortgage.

Finding a mortgage broker: The Do's and Don'ts

DO's

      Ask how they are paid: Some companies will charge you in the front. Others will receive a commission from the lender. Your adviser should tell you the full direct costs. Money Advice Service has more guidance on the cost of mortgage brokers
      Select independent, the entire mortgage broker market: It means they have access to the widest possible range of mortgage deals.
           Keep compare: You may still be able to bag a cheaper deal by going directly to the lender, especially if you already have a bank account with them. You can check out some of the lowest rates around here, and the best deals for a deposit of 10% and 5% deposit here.
Check your mortgage adviser is properly qualified: They should be in the Financial Services Register - You can search here.

DOnt's

      Taking the first counselor you see: You can compare advisors use the directory as Unbiased.co.uk, guaranteed or Findanadviser.org. Be aware that large companies will have more resources and are often more ability to influence the decision of the lender.
Letting estate agents bully you into using their advisors: There are special dirty tricks where you will be told you have to use a broker in the house, or the price will go up. It is against the law, as a point 7c Code of Practice for Residential Estate Agents make clear.
Get taken by the sales patter: Mortgage Advisor will often try to sell other products, such as insurance. It could be a good plan - if you are the only breadwinner you do not want to leave your family in the lurch when the disaster happened.
      Tempted by the 'advisor' offer self cert: There are some rogue websites promising schemes are too good to be true, such as self-cert mortgages (public before the financial crisis). You can find out quickly if the adviser is fraud by finding them in the Financial Services Register.