Question 1

What is mortgage advice?

Accepted Answer

Mortgage advice is a service provided by qualified professionals who help you find a suitable mortgage product based on your specific financial circumstances and needs.

Question 2

Why should I use a mortgage adviser?

Accepted Answer

A mortgage adviser can save you time by researching suitable mortgage options, guide you through the application process, and potentially access mortgage deals not available directly to consumers.

Question 3

Do I have to pay for mortgage advice?

Accepted Answer

Many mortgage advisers offer fee-free advice, which means they receive commission from the lender rather than charging you directly. Always check the adviser's fee structure before proceeding.

Question 4

What information will I need to provide?

Accepted Answer

You'll typically need to provide details about your income, employment, current debts, credit history, and information about the property you wish to purchase.

Question 5

How long does the mortgage advice process take?

Accepted Answer

The initial consultation typically takes between 30 minutes and 1 hour. The entire process from first meeting to mortgage offer can take several weeks depending on complexity.

Question 6

What's the difference between fee-free advice and no-obligation quotes?

Accepted Answer

Fee-free advice means the adviser doesn't charge you directly for their service. No-obligation quotes mean you can receive information without committing to proceed with that adviser.

Question 7

Can a mortgage adviser help with remortgaging?

Accepted Answer

Yes, a mortgage adviser can help identify suitable remortgage options for your specific and current needs or release equity from your property.