The importance of independent mortgage advice

When searching for a mortgage by yourself, you might think all the information is online, at your fingertips. However, there are more factors involved than many people realise.

Independent mortgage advisors can help to access the best rates and products, saving you money over the life of your mortgage. A financial advisor will streamline the mortgage process, saving you time and hassle. They will handle all of the administration and be your only point of contact, so you won’t need to spend your time contacting lenders. Not being tied to a specific lender, they offer impartial advice, so they are more dependable, too.

Exclusive mortgage deals
Some mortgage schemes are exclusive to financial advisors. This means even if you go into the bank or building society that provides the mortgage, it simply isn’t available.

Mortgage and Protection Adviser, Andrew Fagg, explains more.

“There are many mortgage options the public won’t see unless they go to a financial advisor.
We know about all the latest niche mortgage products, such as lenders offering mortgages six times an applicant’s income, or mortgage terms that run to the age of 75, if someone puts off their retirement."

Tailored advice for your circumstances
“As a Mortgage and Protection Adviser, I get involved when someone is moving home, purchasing a buy-to-let investment, or if they need remortgaging advice.
I find bespoke solutions for individual circumstances, package the deal, and make everything as straightforward as possible. I also provide independent advice about mortgage protection, which is not generally available directly from banks and building societies.

Alongside income, we consider a variety of factors to find a scheme tailored to our client. These include anything from their age to what in particular, will appeal to them – for example, if you are a risk taker, you might prefer a variable rate, instead of a fixed-rate mortgage."

Ongoing support
“My support doesn’t just end when a mortgage deal is struck.
I find solutions for complex issues and help my clients to maintain financial security. For example, I’ll schedule contact with clients before they reach the end of a 2- or 5-year fixed term date, to help them renew their arrangements.

I often provide guidance when there is a change of circumstances. This happened recently with a client, who had just completed their mortgage deal. They sought my advice but went directly to the suggested lender, and their new application was turned down. When I made the application on their behalf, it all went smoothly."

Who can go to a financial advisor?
“I can help many different types of clients. Mine vary from first-time buyers to landlords with a portfolio of investment properties, and who have benefitted from Let-to-Buy Mortgage deals. Some of my clients have been coming to me for 30 years."

Property types
“There is a broad scope of properties I arrange mortgage deals for, from studio apartments in urban hotspots to £1,000,000 properties offering countryside retreats."

Less stress
“I believe the expertise and support provided by a financial adviser helps to reduce uncertainty and potential stress when you’re securing a mortgage. The feedback I receive, and my returning clients, are great evidence of this."

Compliance and professionalism
“At Davenport Financial Management, we are regulated by the Financial Conduct Authority, so we undergo regular compliance reviews. We adhere to strict guidelines regarding confidentiality, money laundering, treating customers fairly, and more, so you can rest assured, we are advisors who can be trusted.”

Andrew Fagg, Mortgage and Protection Adviser, Davenport Financial Management Ltd.

If you are seeking a mortgage, using a financial advisor can make all the difference. Please get in touch if you’d like us to refer you to one of our trusted independent partners.