How to beat the mortgage maze
A mortgage is likely to be the biggest financial commitment most of us will ever make.
And yet finding the right deal can be among the most complicated and daunting of tasks.
It can be all too easy to be lured in by attractive offers from large lenders only to later discover there are exclusive products and offers not available on the high street but which are a far better option.
With so many different products available and with mortgages and interest rates hitting the news headlines daily, it can really pay to look for expert advice.
That means finding a mortgage adviser who will stay with you for the full term of your mortgage, who can identify changes in individual circumstances and spot changes in the market - vital to ensure you’re on the right track.
What difference can a good mortgage adviser make? They can:
● Help you decide how much you can afford.
● Look at the range of lenders and products that suit your needs.
● Get access to exclusive deals that are not available direct from a lender.
● Understand the lenders and what their criteria are, so making the process more straight forward.
● Help you put in place mortgage protection to cover you in the event of death or critical illness, family protection and income protection.
● Support you throughout the process, and follow up regularly to make sure you have the deal that suits you best.
Whether you are buying your first home, increasing your property portfolio or re-mortgaging, it’s vital to ensure you find the most appropriate mortgage*.
A specialist adviser can carry out a full fact find to see what’s on the market, reviewing your income and expenditure along with your current and future circumstances to ensure that your mortgage remains affordable.
Smith Eliot Financial Management in Stamford has a team of three mortgage advisers with the experience and knowledge to help clients find a tailored solution.
Oliver Smith of Smith Eliot, said: “Finding a mortgage can be a daunting prospect for such an important financial commitment and so we believe in being with clients every step of the way.
“We have the expertise and experience to handle everything from identifying the right deal through to applying for the mortgage on behalf of clients and supplying the lender with all the information they need.
“Once that is complete, we continue to liaise with solicitors, estate agents and any other third parties to ensure that your experience with us is as smooth and efficient as possible.”
Even if you’re just thinking about your mortgage options at the moment, it’s worth chatting through your needs. The Smith Eliot team is happy to arrange a no-obligation meeting to give some initial guidance and advice.
Call Oakham 01572 759759 or Stamford 01780 437500 to speak to an adviser.
*Commercial and some buy to let mortgages are not regulated by the Financial Conduct Authority.
Your home may be repossessed if you do not keep up repayments on your mortgage.