Typically to get a mortgage you would approach your bank or building society who would approve or decline your application. In some cases, depending on your circumstances you may not be approved for a mortgage loan from a high street lender, or you may choose to compare the market before committing to a loan. As an alternative to using a high street mortgage lender, a lot of people are now using independent financial advisors or mortgage broker to secure a home loan.
By using an independent financial advisor or mortgage broker to secure a mortgage you are able to compare mortages from multiple lenders to find the right mortgage for you. An independent financial adisor or mortgage lender will search the market and propose the best deal based on your circumstances.
In addition an independent financial advisor is not affiliated with any particular lender, so you should receive impartial offers that are right for you, and not offers that are more financially rewarding to the independent financial advisor or mortgage broker. We would always recommend that you use a fee charging mortgage broker or independent financial advisor, as you are more likely to get impartial advice rather than advice of mortgages or financial products that pay the highest commissions to the advisor.
Using an independent financial advisor is a good option if you have been refused a mortgage from your bank or building society. Independent financial advisors and mortgage brokers are usually able to help you find a mortgage dependent on your financial circumstances, so if you have bad credit or are self employed, they may be able to help you get on the property ladder.
We have a database of thousands of Independent financial advisors and mortgage brokers from all cities in the UK, so if you are looking to find a mortgage deal, why not search via our site and we will match you to an independent financial advisor or mortgage broker in your area.