Does anyone know of a good independent mortgage/financial advisor?

Please let me know names/numbers.

Many thanks!

Hiya, I've sent you a pm about this.

A mortgage advisor will either sell you a product they get a fat fee for promoting which may not massively be the best for you, else charge you a fee for their advice.

Theres a wealth of info online.
Why pay one way or another?

Maybe we can help here??

I really dont see the point of a 'mortgage advisor.'
Give us a go.
Why do you think you need one?

D

Try an Independent Financial Advisor. It's free to you. Yes, they do get paid by the lenders, but have a code of practice and must recommend the best product. To be sure, we saw two and they both recommended the same mortgage.

UKDAVVY -

Here goes! This is quite a simple one...I am really annoyed at the fees Northern Rock want to charge me for keeping MY business after being with them since purchasing our first house! I am remortgaging and they want to charge me £695.00 arrangement fee - although I told them exactly which arrangement I wanted - £250 admin fee...and then because I am letting the property there is a "Consent to Let" fee...which...if I let the property for less that one year would cost me £100 but for more than one year £250.00??? So I don't know how they work it out. It seems that we have to pay for being their customer and I can't understand it...I basically wanted to find a lender who would greet me as a customer and NOT charge me for the priviledge. When I search on the various channels on the web (i.e. MSN Money) - the costs are hidden - or only appear when I call to get a full quote. So - if anyone can help - please feel free!

Many thanks!

Which is why I was going to be extremely lazy and get the advice of a mortgage/financial advisor (it's not easy doing all this with a hyper 7 month old at the side of me!!!)

Arrangement fees are just charges passed on to customers as the lenders have to pay fees on the money market when they "buy" the funds. It doesn't all go to the lender, it goes "up river". The consent to let fees are because there's a greater risk to them and potentially increased costs it they have to repossess etc.
I'm not defending the charges as a lot of them do seem outrageous, but there is usually a sound reason behind them. You can always ask for an explanation of exactly why they're being levied. Or you can vote with your feet.

Gregory Gray at Waverley on 2485111. Ask for Denise if he is not there. He has sorted me out several mortgages, is independent and will not charge you a bean.

Try Periwood financial advisor(independant) on Abbeydale Road- 0114 2366660

-Have been very good with me!

try rob at www.capitaltower.co.uk

nice to have someone on your side

Can recommend Tony Morgan of Abacus Portfolio management ltd. His mobile number is 07768701378. He seems to put in a personal effort to get you the best deal and keeps in touch every step of the way.

We used a guy called Lee Smith of Mortgage options who works out of the Hillsborough branch of Winkworth estate agents. (Ring them and they can put you through to him).

He was good because he was willing to explain what everything meant and why some mortgages are better than others. It's the added charges (like arrangement fees) that make going to see a mortgage advisor worth while.

I can recommend Linda Barrowdale who works for Independent Mortgage Services. They're based on Chesterfield Rd in Woodseats and the number is 250 9100. Linda has arranged two mortgages for us in the past couple of years - she will come out to your house if that is more convenient for you

try rob at www.capitaltower.co.uk

nice to have someone on your side

Yes I would second this recommendation. I have used him twice now, he is patient and explains things in simple terms without being patronising. He is based in Chapeltown but will come and visit you at home if that is easier for you. Or, he would open up the office on a Saturday if you prefered that. He is very efficient and does what he promises, unlike many others who need chasing up. As he is an independent financial advisor, he gets his fee from any products that he arranges for you.

will not charge you a bean.

Unless he works for free (which is unlikely), you are still paying him. Even if he doesn't charge you, he will recieve commission from whichever mortgage product he sells you.

[QUOTE=Liose;323449]Does anyone know of a good independent mortgage/financial advisor?

Please let me know names/numbers.

Many thanks!

Try the guild of independent mortgage advisers

they put me in touch with a lady called Tracy, she did me a amazing deal that saved me a lot of money, also this didnt cost me a penny.
they have a website that i cannt remenber but iam sure if you put goima in google you should find it,
hope this helps
pat:thumbsup:

http://www.mckenziefinance.co.uk/

We use these guys above. Very helpful in giving us independant mortgage advice!

A mortgage advisor will either sell you a product they get a fat fee for promoting which may not massively be the best for you, else charge you a fee for their advice.

Theres a wealth of info online.
Why pay one way or another?

Maybe we can help here??

I really dont see the point of a 'mortgage advisor.'
Give us a go.
Why do you think you need one?

D
It sounds as though you need one?

If you still need some info I may be able to help.

Pm me if you like.

Pastie

Unless he works for free (which is unlikely), you are still paying him. Even if he doesn't charge you, he will recieve commission from whichever mortgage product he sells you.

So you want him to work for nothing then? Of course the lender will pay him a procuration fee of circa 0.35% of the value of the loan. You don't get a reduced rate if you cut him out so why not let him find you the best deal, he does it for a living so must know much more than you? :confused:

You are not paying him, the lender is, it saves them from employing staff and having offices all over the place.

Richard Martin - Keypoint Mortgages, based in Mosborough. 100% free mortgage advice. He gets paid by the lender you choose to lend from. Top bloke - cant go wrong with him, highly recommend him.

http://www.keypoint.uk.com