Why use an Independent Mortgage Advisor?

Written by Damon Pike – Principle Mortgage and Protection Advisor

Last updated: 9th September 2021

Buying a house is usually the biggest purchase and financial commitment that you will make in your lifetime. That said, the home buying process can be complex and could easily become overwhelming.

You want to make sure that you get the most suitable and competitive mortgage product for your circumstance, and this is where a mortgage advisor can prove to be a real asset to you. They can help make the process as smooth and hassle-free as possible. Minimising your stress and allowing you to spend more time and focus on the exciting bits, such as choosing your new décor!

Here are the benefits of using a mortgage advisor, such as Lupo Mortgage Services:

1. Loyal to YOU:

Most importantly, an independent mortgage advisor works for you. This means that their interest lies solely in finding the most suitable deal for you. Therefore, they won’t be swayed by a particular lender or by an estate agent.

2. Specialist knowledge:

It is not unusual to have something that makes your financial situation or history less straight forward. For example, if you are self-employed. A mortgage advisor understands how your individual situations may impact on your mortgage application and will be able to find the best course of action for you. If your situation requires a specialist lender (for example if you have a less than perfect credit history) they will also have access to these and will understand which lenders to approach.

3. Access to the whole market:

An independent mortgage advisor can access products from the whole UK market, rather than just one lender (excluding any direct only deals). It would take you a lot of time to compare the deals available between all the lenders in the UK market. A mortgage advisor can access this much more easily to take the time burden away from you.

4. Flexible appointment times:

Some independent mortgage advisors (such as Lupo Mortgage Services) will offer appointment times outside of the standard Monday to Friday 9-5. This means they can work around you and your work pattern to help get the process moving along as quickly and smoothly as possible.

5. Access to exclusive deals:

Some lenders will offer products that are only available via an intermediary (mortgage advisor). One of these could turn out to be the most suitable deal for you, but if you go directly to a lender, you may not know what you are missing out on.

6. Let them do the legwork:

As well as sourcing a mortgage being time consuming, so can the application process. A mortgage advisor can navigate through the many forms etc. on your behalf, taking the stress away from you. They can also ensure the application is filled out accurately to avoid any unwanted delays in obtaining your mortgage.

7. Extensive market knowledge:

Mortgage advisors will have built up a broad knowledge of the UK market over time. This means they will know any ‘quirks’ of certain lenders that might mean you get declined for an application and therefore can find a different lender that is more likely to accept you. This knowledge is invaluable and can really cut down the time it takes to find the right lender and product for you and your circumstance.

8. Qualified and regulated:

To operate as a mortgage advisor, they must have obtained the relevant qualifications. They must also follow the statutory regulation that has been set by the Financial Conduct Authority. This gives you peace of mind that their work is monitored, and they must be practising honestly and with your best interest at the forefront at all times.

9. Additional Services:

As well as offering mortgage advice, many independent mortgage advisors are also able to offer other services. At Lupo Mortgage Services we also specialise in protection, meaning we can help you source the right level of cover for your home and life insurance. More information on our protection services can be found here. We can also recommend solicitors or surveyors to help the process run as smoothly as possible.

10. Communication:

At Lupo Mortgage Services we pride ourselves on outstanding customer service, and that starts with great communication. We will liaise with solicitors, estate agents, developers and lenders to keep you updated on your home buying or remortgage journey.

To start your home buying or remortgage journey or if you have any questions, get in touch using the contact form below.

Damon Pike

Principle Mortgage and Protection Advisor

Damon Pike

Principle Mortgage and Protection Advisor

Damon Pike

Principle Mortgage and Protection Advisor

Call Damon on 07503 942280

or send us a message using the form below

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Lupo Mortgage Services is based in Wolverhampton, but we operate throughout the whole of England and Wales.

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Please note that some mortgages such as commercial BTLs are not regulated by the FCA.

Lupo Mortgage Services is an appointed representative of Julian Harris Mortgages Ltd which is authorised and regulated by the Financial Conduct Authority, No. 304155. The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk