Whether you are a first time buyer actively viewing properties or a home mover with your house on the market you may have noticed that some of the larger estate agents around you are keen for you to use their in-branch Mortgage Advisor and also their recommended conveyancers. Running a competent mortgage business, we receive lots of feedback as to what sales tactics can be used. Examples of this are:
In this article, we will try to help you decide who to use for your Mortgage and also how to make sure you are receiving value for your money!
Choosing a Mortgage Advisor in Hull really ought to come down to their service, fees, whether they have access to a broad enough number of lenders to suit your circumstances and whether they appear trustworthy. Checking out their website and online reviews is a great starting point before calling for a quick initial chat over the phone.
If you’re happy doing it yourself on the internet you can search price comparison websites for the best rates on offer. This won’t cost you anything and if you are confident on the internet and in what you are doing it can be done quickly. Here are a few things to be aware of though:
You can make an appointment with your banks’ Mortgage Advisor, if they’re still there… Here are the things to watch here:
You may be wary of giving all your personal financial information over to a member of staff or Mortgage Advisor who works within the estate agency you wish to buy a house from. Remember the estate agent is working on behalf of the seller to obtain the best possible price. They may intimate to you that their client prefers the idea of you doing everything “in-house” but this is unlikely to actually be the case.
All their seller really wants to know is how much you are offering and are you in a position to proceed. You can prove you are in a position to proceed without going into the estate agency branch, simply send over your ID, mortgage agreement in principle and proof of deposit. Using a Mortgage Broker not affiliated to the estate agent ensures you have someone working purely on your behalf. This also ensures there’s no risk of conflict of interests.