Why Use an Independent Mortgage Adviser?

Simply put, it’s likely to save you time, take a whole lot of admin off your plate and most importantly save you money.

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Why Use an Independent Mortgage Adviser?

There are three good reasons why using an independent mortgage adviser could be the right decision for you.

They will save you time, hassle and money.   As well as guiding you through the mortgage process they can ensure that any application you make is in the best shape to be accepted by a lender.

By pulling together all of your documentation and getting it into a format that lenders can easily understand they will save you an awful lot of energy and time. 

What’s more, as an independent adviser they are likely to have access to deals and products that you won’t be able to access directly. This means that they are likely to be able to save you money.  For a more in depth understanding of the benefits of using a mortgage adviser, read on.

Looking for personal mortgage advice?

Whether you are a first time buyer who needs a guiding hand or just looking for the best deal on your next mortgage we can help.

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Top reasons to use a mortgage adviser: they will save you hassle, time and money

Independent mortgages advisers save you hassle

An independent mortgage adviser will be able to help you understand how much you can borrow and how much you can afford to repay each month.  Importantly they are able to  ‘pre-check’ your finances, reducing the chance of a later decline harming your credit file. 

They can also help you to liaise with estate agents, lenders and solicitors to keep your life as simple as possible.

You will also benefit from FCA protection and access to the FOS in the unlikely event that anything goes wrong.

Getting independent financial advice will save you time

They will search the whole of the market to find you the best deal, a time consuming  process for you to do alone.  

They will complete and check any applications and paperwork saving you time filling in  unfamiliar forms.

At Oury Clark we are also able to advise on mortgage and life protection which may be mandatory for certain types of loans, as well as being able  to ensure your overall finances are on a sound footing.

Why using a mortgage adviser will save you money

They are likely to have access to ‘intermediary only lenders’ which individual retail customers can’t access, In addition many lenders offer ‘intermediary exclusive products’. This means that by using a Mortgage Adviser you have access to the whole market and the opportunity to get the best deal for you.

How long does it take to get a mortgage?

Everyone’s situation is different but we have compiled a rough guideline to the length of time from initial meeting to property completion below:

  1. Product Switch - typically this can take less than a week with the same lender

  2. Remortgage -  between 4 and 8 weeks depending on lenders requirements

  3. Property Purchase - between 8-16 weeks as many variables are involved

What is the process for getting a mortgage using an independent mortgage adviser?

Typically this is a simple six step  process which we can guide you through:

  1. Initial Fact Finding Meeting (normally 30 minutes) to find out about  you and what your goals are

  2. Collate Documentation - we will gather all the documents we need and pre-check them to ensure they are up to scratch for lenders

  3. Search the Market - we look at the entire market to find the right lender for your needs and circumstances

  4. Agreement in principle - we ensure that we have locked in your rate and lender so that you can begin to  move on the property that you want

  5. Finalise offer paperwork - we work with the lender to ensure that the process from application to offer is as fast as possible

  6. Lender issues offer - your solicitor does the rest

What information and documentation do I need to speak to a mortgage adviser?

For an initial consultation a mortgage adviser is going to be looking to answers to the following questions in order to understand you better:

  1. Where you want to buy and how much would you like to spend

  2. Your income and from what sources, with supporting documentation such as 3 months payslips or 2 years SA302s

  3. Your expenditures and liabilities - usually 3 months of bank statements

  4. What kind of deposit you have - again with supporting documentation such as bank statements

  5. Two forms of ID one to show address the other some form of photo ID.

Need personal mortgage advice?

The process of getting a mortgage can be confusing, especially if you are a first time buyer or looking to invest in property via buy to let for the first time.  We pride ourselves on giving clear, straight talking advice that gets you where you need to be.

Our independent mortgage advisers are here to help you cut the hassle, save you time and get you the best deal possible.

Get in touch

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