Go Independent For The Best Mortgage Advice
on: February 25, 2010, 5:27 am
The Mortgage Point
One of the major advantages of today’s world is that we have
choices in nearly everything we buy.
And considering that a mortgage is probably the biggest financial commitment we will
ever make, then it’s the one decision that we should have some help with, to ensure
that we get the best deal for our individual circumstances.
That’s precisely why talking to an Independent Financial Adviser is a good move,
according to Stuart Codling of Manchester-based mortgage broker The Mortgage Point.
“We’ve become so used to shopping around before making big purchase decisions, yet
when it comes to the major issue of choosing a mortgage, so many people head
straight for the bank or building society where they are already a customer,” says
“But that’s like buying a car just because you like the colour,” he adds. “It’s a
decision which ignores the most important reasons why we should choose one
particular product over all the others.”
The Mortgage Point is an authorised Independent Financial Adviser (IFA), which means
it can consider the whole of the mortgage market when suggesting the best mortgage deals available for every individual customer.
That means an adviser will take into account such fundamental considerations as the
benefits provided, flexibility, and level of charges for every mortgage product
available, before making a recommendation based on their knowledge of the market,
and each client’s own needs. Meeting with an IFA is even more crucial for those who
are looking for first time buyer mortgages as the individual candidate will most likely be on a budget.
IFAs are authorised and regulated by the Financial Services Authority, under whose
terms they are obliged to gather all the information they need to gain a full
understanding of every client’s circumstances and requirements.
The details gathered during this investigation will then be presented to the client,
who can then check that it is all correct, before the IFA finally puts their
recommendations in writing, together with reasons why they have come to their
“It’s a very thorough procedure, designed to ensure that the best interests of a
client are always paramount, and that they are recommended a mortgage which serves
their requirements, not just in the short term, but throughout its life,” says
“So unless people get an IFA to help them navigate the complex and ever-changing
array of mortgage offers out there, they can’t possibly know whether that seemingly
attractive deal they sign up to will look just as tempting several years down the
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About The Mortgage Point Ltd:
The Mortgage Point is a whole of market broker with branches in Manchester, Leeds,
Liverpool, Birmingham, Newcastle and Nottingham. The Salford-based company has over
25 years’ experience finding the best mortgage deals available from UK lenders and
currently has access to over 3,000 different mortgage products. The Mortgage Point
also acts as a broker for other financial products including life cover, sickness,
accident and redundancy cover, income protection, buildings and contents insurance
and secured loans.
For further information contact:
Name: Wendy Humphries