Independent mortgage advice can help you make sense of the many different home loans available today. They can also guide you through as to whether an interest only or repayment mortgage is best for you, a fixed or variable rate, a discounted or current account mortgage. An IFA can guide you through the mortgage protection and associated mortgage products required whilst guiding you through all the other mortgage decisions that need to be made.
With the number of mortgage choices available - more than 1,000 different deals from more than 100 lenders – Ferguson Oliver can give you personalised independent mortgage advice for your specific needs.
Ferguson Oliver have access to the latest mortgages (including many that aren't available through high street lenders) and can provide invaluable mortgage advice, pointing you toward the most appropriate deals and highlighting any early redemption charges and added charges.
Mortgages can be confusing, since there seem to be so many different types of home loans available. However, with a little homework, it is possible to gain a sound working knowledge of the subject and an understanding of the terminology.
Even armed with this information it makes sense to talk to a professional mortgage adviser. With the number of mortgage choices available – well over 1,000 different deals (which are constantly changing), from over 100 lenders – an independent financial adviser (IFA) is well placed to help you select the type of mortgage that best suits you.
Right at the outset it is important to understand that there are two facets to a mortgage: how the loan is repaid; and how interest is charged on the debt. Get this clear in your mind, and logically everything else should fall into place.
When arranging your mortgage, there’s more than one reason to head for an independent financial adviser.
Your mortgage is likely to be your single largest financial commitment, so it pays to explore all your options, from product type to repayment method. IFAs are legally obliged to act on your behalf, without bias toward one mortgage provider or another. They have access to the whole product market, covering all of the latest mortgage deals, as well as exclusive offers that you can’t get from bank or building society branches.
In addition, an IFA will be able to highlight and explain any potential pitfalls, like early redemption penalties and tied-in insurances, that can often take the gloss off mortgages that have attractive headline interest rates.
These might include life insurance or other forms of financial protection to cover your mortgage should you suffer a long-term illness or injury and be unable to keep up your mortgage repayments. You may choose to have an 'interest only' mortgage in which case it is important that you have the most appropriate savings vehicles to repay the loan. This may be a combination of investments, Individual Savings Accounts or even pensions. There are over 30,000* financial products available and the costs, terms and conditions vary. Only an IFA can give you unbiased advice across the whole financial products and mortgage marketplace.
As a mortgage specialist IFA we will consider your overall circumstances, to ensure your mortgage works as cost-effectively as possible alongside your other financial arrangements. So in the long run seeing a Ferguson Oliver independent mortgage adviser could save you a pretty penny.
We offer the first consultation free of charge, giving you an opportunity to find out more about our expertise and how we will be able to help you. Contact us today for your free no-obligation consultation.