Do I need a mortgage advisor?

Sometimes using a mortgage advisor could be the difference to getting your mortgage approved or having it rejected completely...

Whether you’re buying a property for the first time, remortgaging for the fifth or you’re a landlord with a portfolio, mortgage advice can be a great help. With so much to think about and recent changes to mortgage rates, an initial chat with a mortgage consultant could help set your mind at ease...

What is a mortgage advisor or mortgage broker?

In short, a mortgage advisor is a qualified mortgage professional who specialises in finding the very best deal for your specific circumstances. Often they will be called mortgage brokers, but there isn’t really a difference.

When do I need mortgage advice?

If you’re a first-time buyer, then you should probably get some advice from a qualified mortgage professional. When you haven’t bought a property before, your application tends to be a little more challenging but an advisor will be your guide through the whole process – and they can really remove some of the stress!

Benefits of using a mortgage advisor

Using a mortgage advisor will not only save you time but also give you the confidence that you’re getting the right mortgage for your specific circumstances. A mortgage adviser should also:
  • Explain the various mortgages available
  • Explain the different types of deals
  • Offer advice on how much you can afford to borrow
  • Have access to unique mortgage deals that might not be available on the open market
  • Help you prepare for your application

What does it cost to use a mortgage broker?

Mortgage brokers charge in a variety of different ways. Some will charge a flat fee e.g. £400, while others will take commission from the bank or lender providing the loan. Remember, using a mortgage broker should mean that you spend less money over the long term. It’s definitely worth getting a mortgage adviser for an initial meeting to go through things like fees and explain how the process works.

How do I get a first meeting with a mortgage advisor?

The mortgage options available to you will depend on your circumstances so it’s a good idea to book in a first meeting with a mortgage advisor. They will really care about finding you the right mortgage. As a first step, why not use our handy mortgage calculator and see what your monthly payments would be?...

ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA.

MOST BUY TO LET MORTGAGES ARE NOT REGULATED.

A BROKER FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINSTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.


YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REDEMPTION CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.

Countrywide Mortgage Services and Countrywide Insurance Services are trading names of Countrywide Principal Services Ltd which is authorised and regulated by the Financial Conduct Authority (Firm Registration Number 301684). Registered Office: Countrywide House, 6 Caldecotte Lake Business Park, Caldecotte Lake Drive, Milton Keynes, MK7 8JT. Registered in England no. 01707341. MS/CW/6408/10.22 Correct at time of publishing – 16/11/2022

Do you know what your property is worth?