Mortgage Advice
Base Rate. Trackers. Discounted variables. Fixed rates. Endowments. Interest Only.
We understand that buying a new home is one of the biggest investments of your life. Making the right decision now can save you money in the long-term so it's important to get it right. There are currently around 8000 mortgages available in the UK. Unless you have an unlimited amount of time on your hands or an in-depth knowledge of all the options available, it is advisable to speak to an expert.
Where do I go for mortgage advice?
There are three types of mortgage advisors that can help you.
1. Independent Financial Advisors who have access to the whole market - these advisors can access literally every product available in the UK, and there are currently some 6000-8000 to choose from.
2. Advisors who cover a limited number of providers - These advisors will have a more limited number of products that they can offer, you can ask how many providers they work with.
3. Advisors who offer the products of a single product or group of product providers - These advisors often work in a bank or building society and can only offer you the products of the company that they work for.
When you visit a financial advisor, they will give you a KEYFACTS document that explains their services in detail.
You can check the FSA register to ensure that your advisor is authorised by the Financial Services Authority to give financial advice in the UK.
How does my advisor make their money?
It is best to ask your advisor at the outset how they will make their money. Some will charge a fee agreed directly with you, others will be paid a commission from the lender providing the mortgage. It is up to you how you and your IFA choose to pay. If you decide that the IFA will be paid by commission from the lender, he or she will have to 'disclose' what that amount is. If you choose to pay by fee, any commission is usually returned to you as extra policy benefits, but you may have to pay VAT on the fees.
We recommend...
Umbrella Financial Services, a Southampton based firm who have staff experience of over 25 years in the mortgage and financial sector. Their aim is to provide you with the highest level of advice, research, recommendation and customer care.
Umbrella offer advice on a Whole of Market mortgage range. They also offer advice in other areas such as Protection products such as Life cover, General insurance and Will planning.
For immediate attention contact Lee Harris, Financial Consultant.
Email:
Lee@umbrellafs.co.uk
Telephone:
02381 780484
or
07956 529882
Company Registration
FSA number 190859
Umbrella Financial Services 7 London Rd Southampton Hampshire SO15 2AE Tel: 02381 780484 is an appointed representative of The Whitechurch Network Ltd which is authorised and regulated by the Financial Services Authority(FSA). The Financial Services Authority may not regulate all products or services. i.e Tax advice.