Rachael Clover
Rachael Clover

Top 5 Tips When Choosing A Mortgage Advisor

August 15, 2021

When choosing a mortgage advisor in Berkshire or anywhere in the UK you need to take your time and choose carefully. Here at Macbeth, we understand how stressful moving house and buying and selling can be. We also know how important it is to find the right mortgage advisor for you. In this post we will give you our 5 top tips on choosing a mortgage advisor that’s right for you.


1) Choose an independent mortgage advisor

This is one of our biggest and most valuable tips we can give you. If you go with a mortgage advisor who is tied to a bank or financial institution they will often only provide you with rates which are available from the companies they are linked with. This means you may well miss out on better offers and deals which could have been more suitable.

Therefore, we recommend make choosing an independent mortgage who isn’t tied to an institution so they can give you non-biased advice as well an overview of all the best deals on the market.


2) Take your time when choosing

When you are shopping around for mortgage advisors in Reading, London or wherever you may be, don’t simply pick the first one you find. Take your time, ask a lot of questions, and make sure you are 100% happy with the person before you decide to go with them. This is one of the most important step of buying a property so take as long as you need to make the best decision for you.


3) Ask about fees straight away

Before you sign up to any mortgage advisor make sure you ask them about any fees you may be liable to pay them, and how and when they expect payment. They should be transparent and open with all this information, so if they aren’t you should be wary.

Many mortgage advisors may ask for an upfront flat fee but this will vary depending on your area and the type of advisor you go for. If they are advertising themselves as a “fee-free broker”, we still recommend asking about any additional fees as there may be hidden fees further down your mortgage journey.



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4) Check their credentials

There are so many mortgage advisors out which can make it difficult to tell who is legitimate or not. To make sure you sign up to a genuine independent mortgage advisor, check their credentials. You can do this online via the financial services register. This will tell you if they are fully qualified or not.


5) Ask for recommendations

By now you may have starting discussions with estate agents so don’t be afraid to ask them for recommendations! They will often be linked to a number of independent mortgage advisors.

Alternatively, if you know anyone who has recently bought a house in the area ask them for recommendations. This will give you better insight into what the company are like, often recommendations through word of mouth carry the most genuine reviews.


How Macbeth can help?

As registered financial and mortgage advisors we can provide impartial, non-biased advice when it comes to mortgages and finance. As an independent mortgage advisor, we have access to the whole market and aren’t limited to the deals we can find and offer you. This means we can find the best mortgage which suits you and your lifestyle. Whether you are looking to buy your first home, re-mortgage to a new deal, purchase a buy to let property or require a mortgage into retirement, we can assist in all different situations. We also specialise in equity release.


Contact us today to find out how we can help you find the best mortgage rates tailored to your circumstances.


Please note  your home may be repossessed if you do not keep up repayments on your mortgage

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