subject: What to Look for in a Mortgage Adviser [print this page] What to Look for in a Mortgage Adviser What to Look for in a Mortgage Adviser
So you are looking for a mortgage. You have decided that seeking whole of market mortgage advice from a professional mortgage adviser is the best way forward. But what should you look for in a mortgage broker? How can you separate the best from the rest? What are the key features to keep an eye out for? These are all questions that must be answered if you are to receive the best advice.
Identifying the Best Mortgage Broker
A mortgage broker should take the time to fully understand your situation and requirements, and match you with the right lender, product and interest rates so that the selected mortgage is right for you. This should be performed by your own personal mortgage adviser who talks to you and advises you on a one to one basis.
A Mortgage Adviser who's with you all the way
They should be there with you all the way through the process, project managing your case so they can get to know you and your needs. There should be an emphasis on building a relationship so you can work together in the long term to ensure your mortgage is still meeting your needs as the years pass.
Clarity in Costs from your Mortgage Consultant
There should also be clarity in costs. All fees should be explained upfront so that everything is transparent and clear from the offset. A free no obligation consultation should be offered so that all things are explained prior to any fees changing hands. If your mortgage broker meets these standards, you should be confident in knowing that you have made the best possible choice.
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.
