How to get the best mortgage advice – the surprising truth
People looking for mortgage advice will often turn to friends or relations, or scour websites for information on how to get the best deal. Whether you are a first-time buyer, or someone trying to get a better deal on an existing home, the options available are almost endless. Getting accurate information can be like finding a needle in a haystack… during a hurricane.
You want the best outcome for your home, your family, and your finances. So it makes sense to ask someone who has invested much of their professional life in understanding the property finance market. Our main mortgage advice guru, Neil, has allowed us to pick his brains for the insider scoop!
Infinti Properties’ Mortgage Advisor, Neil
I have a confession to make. I had an idea that I could make Infiniti’s hard-working staff’s lives a little easier by writing up some online guides for them. It would save them a little time. While researching for this article, I asked Neil, Infiniti’s expert on mortgages for a few sound bites, like:
- “What does everybody who is buying or selling house need to know about mortgages?”
- “What are the most frequent questions you hear?”
- “What does everybody ask and would be easier if you could refer them to a web page?”
And he promptly refused to do it!
I suppose I should have expected someone who has taken years to hone his craft, and who has clients all over the UK and from all walks of life and all levels of financial sophistication and income to NOT give a pat answer – far from it.
Ask more questions, not less
“People don’t ask enough questions,” he shared.
It turns out that the average client is often trying to find the best type of mortgage using assumptions based on outdated information from a family member, or superficial feedback from a price comparison website.
Neither of those options takes into account a true portrait of your individual circumstances or future market trends. So, the answer is to find someone with the right level of skill, and ask them a lot of questions.
Make sure your advisor is making your life easy, not theirs
“I offer whole of market advice, unbiased,” he said. It seems there are many mortgage advisors who would rather just use their favourite lending providers than find what’s best for the customer. And that’s what Neil is against. He will go the extra mile to get you what you truly need.
Why Neil wouldn’t recommend a web page for all your mortgage advice
He told me that the last thing he’d do is refer someone to a web page when looking for the best deal on mortgages.
“The public assume the web is the source of all knowledge, and that comparison websites can offer a one size fits all solution. I’d encourage people NOT to refer to a webpage, I’d encourage them to sit down and speak to an advisor, as there are thousands of options and everyone should have expert advice tailored specifically to them – that’s what I do better than anyone else.”
I won’t be asking him for any more soundbites, that’s for sure!
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