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Whichever mortgage advisor you go with make sure they're whole of market and don't charge any up front fees. Since the onset of the crunch a lot of mortgage brokers have changed their charging structures and want a fee BEFORE they do any work as they fear clients will by-pass them and go direct to a mortgage lender. Any advisor worth their salt shouldn't have to charge up front.

 

Whole of market means they have access to every mortgage deal available to intermediaries and not just a select few deals to choose from.

 

Once you get a quote you should receive a KFI (key facts illustration) which will show you how the advisor is getting paid and whether that is by way of a procuration fee (commission) from the lender or if a broker fee has been charged.

 

Its always worth remembering that all IFA's and mortgage brokers and are in business to earn money and whilst some will be happy to receive a small proc fee from a lender they'll usually want to sell you an insurance policy of some sort to top up their income.

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