Are you planning to buy a house through a mortgage? Going through the entire process alone can be difficult. This is when you can take help from a reliable mortgage advisor in Market Deeping. They can help you save money by helping you with the right mortgage option. But you need to ask them a list of questions before hiring. Let’s dig into the subject below.
Questions to Ask A Mortgage Advisor
1. Can I find you on the FCA register?
The FCA regulates Financial Advisors and hence Mortgage Advisors throughout the UK. This is one of the most important questions you must ask them, as they need to be on the FCA register.
2. Are you a whole-market mortgage broker?
You must confirm whether the person you’re talking to is competent to advise you on the best mortgage options. Please remember that a whole market broker doesn’t necessarily mean they can advise on every lender. Besides, some lenders are also unavailable to brokers, whereas some don’t offer a specific advantage for being on the Mortgage Brokers panel.
3. Which areas do you have expertise in?
It’s essential to make sure that the mortgage advisor you’re speaking with has had enough experience in arranging mortgages for people with similar situations like yours. So, it’s best to know their areas of expertise before moving forward and discussing your requirements.
4. What is the full mortgage process?
You must ask the advisor about the entire mortgage process. The process may vary if you’re a first-time home buyer. Similarly, the Remortgaging process will have different processes.
5. Will you be available via phone calls or emails?
If you want to avoid future complications, you can’t miss this question. Many mortgage advisors might not even communicate with you directly. Hence, it’s important to ask in the first meeting whether they will be able to reply to your emails timely.
6. What are the other services you offer?
Many mortgage advisors also offer several other related services. You can ask them whether they can arrange for insurance if required. For example, at David List Mortgage Consultants Ltd, we also offer special advice related to investments, savings, pensions, tax planning, retirement planning and many others.
Asking these questions will help you choose the right mortgage advisor to facilitate you in buying your new home. David List Mortgage Consultants Ltd has a team of expert mortgage advisors in Market Deeping. Book an appointment with us today.