Mortgage broker West Yorkshire - 5 things to remember
If you’re looking for a mortgage broker in West Yorkshire, remember these 5 important
things.
It’s important that you look for some key things in your mortgage broker. West Yorkshire
has a large number of mortgage brokers, so it makes sense to choose carefully.
1. Independence - make sure your broker is independent and not tied to a particular
mortgage adviser. This independence means that they can advise you on the whole
mortgage market, rather than just a few key products.
2. FSA authorisation - all mortgage brokers must be authorised and regulated by
the Financial Services Authority (FSA). If you use a mortgage broker who is not
regulated by the FSA, you will have very little comeback if anything goes wrong
with your mortgage or if you are badly advised. Companies who are authorised and
regulated have to follow a strict code which ensures that you get the clearest advice
possible before you choose your mortgage.
3. Relationship - choose a mortgage broker that you can have a good working relationship
with. You may want to move in the future, or remortgage at a later date, in which
case it makes sense to use the same broker. Forming a good relationship with your
broker means you get consistent, personal advice each time.
4. Fee charges - some mortgage brokers in West Yorkshire charge a fee for their
services. This is perfectly legal, and many companies are choosing to earn their
income in this way. Other mortgage brokers don’t charge you a fee at all, but are
paid by the mortgage provider once you have chosen a product. If you don’t want
to pay a fee to your mortgage broker, make sure you check whether they charge before
you commit to using them.
5. Pressure - you don’t want to use a mortgage broker that puts you under pressure
to buy or select a certain mortgage. It’s important that you are given all the information
you need to make an informed choice, and that’s what a good, independent mortgage
broker will do. A number of products will be recommended to you, each with an illustration
to show you how the mortgage will work and what the potential benefits are to you
- but the final choice remains yours. If you feel your broker is putting you under
pressure to go one way or another, you might want to think about talking to someone
else.
Move and Mortgage isn’t just a mortgage broker in West Yorkshire, but is dedicated
to offering you an alternative to estate agents when it comes to selling your home.
Set up an account, advertise your property yourself and stop paying estate agent
fees. Setting up your advert is free; all Move and Mortgage ask is that you consider
their advice when it comes to your next mortgage - but as appointed representatives
of Financial Ltd, which is authorised and regulated by the FSA, you can be sure
that you’re getting fair and impartial mortgage advice. Find out more about this
great opportunity to advertise your home free of charge by calling 0800 077 8225
or filling in our online enquiry form.
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