If you want impartial advice and access to the widest selection of mortgages, you should work with independent financial advisers. They can give you great resources and support you in choosing the right deal.

What to think about?

An IFA will help you to look at all of the important details before you begin searching and applying for mortgages. This includes:

  • How much can you afford to borrow?
  • The kind of term you need the mortgage for
  • What type of mortgage do you need?
  • What are the repayment terms?
  • Will there be early repayment fees?
  • What are the interest rates?


Working with an IFA

A financial adviser will be able to go over everything so you know exactly what you are getting into when you choose mortgages. This can be very useful if you are purchasing your first home, want to move up the ladder or downsize, or want to invest in a buy to let property.

The important thing here is to check affordability and ensure you have the means to keep up with repayments. An IFA can look at your finances with you to plan everything and make sure the investment is viable.

IFAs are a useful source of information about different types of mortgages, including classic repayment ones, interest only, offset, and buy to let. They can also look at the interest of each mortgage and how it will impact you. It is important to be clear on the difference between types of interest, including fixed, standard variable, and capped.