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Hiring a tradesman for specialty mortgage advice
Navigating the finance market to get the best mortgage to suit you can be a real chore, but Plentific can help you find your idea advisor. The plentific website can quickly generate a bespoke contact list of the best specialists in your local area that offer the services you need, complete with access to customer reviews to help you compare your options. Plentific has information on over 75,000 tradesmen across the UK, and is guaranteed to speed up your search for a tradesman whatever your job might be.
What do you need to know about specialty mortgage advice?
The thing to remember about mortgages is that there are thousands to choose from, so finding the right specialist to give you advice is crucial if you do not have much experience with finance. An independent mortgage advisor that is unconnected to a bank will likely be able to give you the best advice. One working with a bank will try to push their employer’s options on you, and they will earn a commission personally if they can get you on board. An independent mortgage advisor can still get a commission from a bank, but will be aware of the wider industry, and can also negotiate with a bank on your behalf. Before looking for someone to provide specialty mortgage advice it is important to have your financial information ready: the advice will be based on your income, outgoings, debt repayments and so on, so the more information you can provide the better.
The cost of hiring a specialist to give you mortgage advice is usually linked to the size of the mortgage itself. Your advisor may charge you a percentage of the mortgage, get a fee from the bank or a mixture of the two. It is important to look over the credentials of each of your options. They should have relevant qualifications in finance and solid experience working with mortgages in your area. Ideally they will have worked with similar clients to you, and should be able to show you customer feedback. When you get your recommendation, you must make sure that you are given a mortgage illustration document, usually called a Key Facts Illustration (KFI).