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Looking for mortgage advice in Swindon?

20 February 2023

Perhaps you are a first time buyer or you are selling a property to buy another or maybe you just need to remortgage your existing property? Whatever your circumstances, it’s always advisable to use a professional mortgage advisor. Mortgage advice in Swindon can be found in abundance, but how do you know that you’re getting good advice that is individually tailored to you and your needs alone?

 

Let’s work our way through the main things you need to be aware of when seeking mortgage advice in Swindon.

 

Firstly, what are you looking to do? Is it a remortgage or a new purchase? Do need a Buy-to-let mortgage or a residential mortgage? All of these situations would benefit from a mortgage advisor’s input.

Blue skies over Swindon

Which Swindon Mortgage Advisor comes highly recommended?

Getting a recommendation from a friend or family member can be a great starting point when it comes to choosing a mortgage advisor in Swindon. If someone you trust has been through the process recently and found their advisor to be super helpful, always available and easy to understand, it’s well worth giving them a call.

Another way is to look at online reviews. If someone has taken the time to go online and rave about their mortgage advisor, it’s likely that they’re pretty good. And of course, do check the bad reviews for any red flags!

It’s also wise to beware the professional recommendations. Estate Agents often have in-house mortgage advisors that they will encourage you to use. Remember they will likely be earning commission for this recommendation so they may not have your best interests at heart and, nine times out of ten, the Estate Agent mortgage broker will not be a whole of market broker and therefore won’t have access to the widest range of mortgage products available.

 

Look for ‘Whole of Market’

Some mortgage advisors are tied to  small panel of lenders. This means that they can only recommend mortgage products from a select list of lenders which could rule out a better rate elsewhere.

A ‘whole of market’ mortgage advisor in Swindon will be able to access the widest possible range of mortgage rates (there are a few exceptions – rates that only available direct-to-consumer) and should have absolutely no bias towards one lender above another.

 

Three people sitting in front of large neon sign that says 'Your mortgage our problem'

 

When it comes to mortgage advisors, you get what you pay for!

When you’re researching mortgage advisors in Swindon, make sure that you ask about their fees. Most ‘whole of market’ mortgage advisors should be happy to do an initial consultation and the research for your case without charging you anything for their time. Then if you do decide to go ahead and have them submit an application for you they will charge some sort of fee. Often this is split into an application fee and then a fee once the mortgage has been offered or completed. The total cost of mortgage broker fees can range from £95 – £600.

If you are paying a decent fee you should absolutely expect a great service from your mortgage advisor. Choose an advisor who will always be available to answer any questions you may have (there will be lots!) and who isn’t going to pass you off to another team member who doesn’t truly know your case, half way through the process. And above all, choose a mortgage advisor in Swindon who you get on with well and feel you can ask anything without being made to feel stupid. Afterall, we are talking about borrowing a huge amount of money! You need to trust this person and know that they are doing everything they can to get you the best possible deal.

 

At Hudson Rose we do things differently. Not suits or dull grey offices. We’re here to put the fun into mortgage applications and yes, that is a tall order! Check out our Google reviews, or pop in and see us in of our Gloucestershire offices. We’re only a phone call away if you need any advice at all regarding your mortgage.

Check out some of our other blogs…

What is an Early Repayment Charge?

How Long Does a Mortgage Application Take?

What is ‘Loan to Value’?

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Hudson Rose Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.
Hudson Rose Services Ltd, trading as Hudson Rose. Registered Office: 7 Bridge Street, Nailsworth, Stroud, GL6 0AA
Registered Company Number: 11008147 Registered in England. FCA 799302

Hudson Rose Services Cirencester Ltd, trading as Hudson Rose. Registered Office: 78 Dyer Street, Cirencester GL7 2PF Registered Company Number: 13349772 Registered in England

There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This will typically be £499. There is no charge for any initial consultation.

Your Home may be Repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Not all forms of Property Development Finance are regulated by the Financial Conduct Authority

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