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Can you get free mortgage advice?

If you’ve just about scraped together enough money to start searching for properties rather than daydreaming about them, you’ll want to keep all that hard-earned cash close to your chest.

For many property buyers, particularly first-time buyers, it can be daunting to budget a house move, and the extra costs involved with moving can really add up. Aside from the value of the property there are conveyancing costs, stamp duty tax and potential mortgage referral fees to consider. If you’re looking at ways to save on these ‘extra’ costs you may be wondering if it’s possible to get free mortgage advice?

We’re going to run through this in our blog below.

Can you get free mortgage advice?

The good news is you CAN get free mortgage advice. It’s recommended that you seek mortgage advice, even if you think you’ve found the perfect mortgage deal yourself. Why? This is because getting professional advice offers you more financial protection. Should your mortgage prove to be incompatible for your circumstances you wouldn’t be eligible for protection if you’d chosen it without consulting a mortgage advisor first.

Free mortgage advice is for anyone looking to buy a property. Whether you’re a seasoned property investor or a first-time buyer, it’s worth investing your time in getting a little professional insight on the mortgage market and whether a package is right for you.

Why is it free? What’s the catch?

Many of you are probably wondering, how could worthwhile financial advice be free? How do mortgage advisors make their money? Well, many mortgage advisors, including us here at Derngate Wealth Management, operate on the basis that clients only pay a fee if they choose a mortgage with us. That encourages us to offer the best mortgage deal and be at the top of our game.

We do not charge for your initial consultation or mortgage advice, but there may be an administration fee payable when a mortgage application is submitted. This fee is usually £195. We also receive a paid commission from the lender.

Not every mortgage advisor will offer advice for free so it’s worth checking first.

So there you have it. You can get free mortgage advice, and with Derngate Wealth Management Northampton arranging your free initial consultation is quick and easy. Simply fill out our contact form or give our friendly team a call.

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