Why it can be helpful hiring a mortgage advisor
Hiring a mortgage advisor can be a shortcut to getting the ideal mortgage. When buying a new house, you could be faced with a baffling variety of products from many lenders. Each mortgage lender seems to offer something just a little bit different to the next and all are trying to entice you to take out a mortgage with them. Indeed, depending on which choice you make, you could end up saving thousands of pounds. It’s why we always advise buyers to hire a mortgage broker, whose job it is to know everything there is to know about the mortgage business. With such an important, long-term financial commitment being made in buying a new house, it pays to get this expert advice as early as possible.
It’s not just when you’re beginning your search for the right mortgage that a mortgage broker is helpful. Throughout the process of buying a new house, their help can be invaluable. It’s reassuring to have a mortgage advisor who can help you with filling out paperwork and dealing any problems that, almost inevitably, will arise.
On average, it can cost around £500 to hire a mortgage advisor. This can be a relatively small sum in comparison to the assistance received and the possible money saved elsewhere. Some mortgage advisors, instead of charging an initial fee, are paid a commission from the mortgage lender. Any professional mortgage advisor will always tell you their costs at the start of any contact.