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Independent Mortgage Advisors

Speak to experts who can help make your dream move a reality.

Independent, expert advice

Whether you’re a first-time buyer, or moving up the property ladder, working with an independent mortgage advisor could make the process of buying your new Ashberry home even smoother.

Also called a mortgage broker or financial advisor, an independent mortgage advisor is qualified to provide you with expert financial advice, and recommend the mortgage products that would suit your circumstances best.

What is an independent mortgage advisor?

Independent mortgage advisors are highly trained and qualified experts in mortgages and many other financial products. Working separately from any bank, mortgage company or lender, they’re able to offer impartial advice on mortgages and can search across the whole market to find the most suitable and affordable products currently available to you.

All independent mortgage advisors must be regulated and authorised by the Financial Conduct Authority (FCA), which then gives you the protection of the Financial Ombudsman Service (FOS). That’s reassuring when making such an important decision as taking out a mortgage, especially if you’re buying a home for the first time.

It’s totally up to you whether you appoint a mortgage advisor when buying your Ashberry home, but New Homes Mortgage Helpline (NHMH) – one of the UK’s leading new-home mortgage specialists – are our first choice for expert advice.

What does an independent mortgage advisor do and how can they help me?

Mortgage advisors search the entire market for you to find the most suitable mortgage options currently available, based on your circumstances and financial history. They’re qualified to provide you with financial advice and make recommendations on products, plus they’re often able to access mortgage deals that you may not be able to find on your own.

They have the most up-to-date knowledge on schemes that can assist you with buying a new-build home, such as Deposit Unlock and the Government-backed Help to Buy – Wales, and new mortgage products on the market like Track Record, the no-deposit mortgage for renters who want to buy their first property. Mortgage advisors will break down the cost of your mortgage so that you understand what you’ll be spending, and crucially, help you to navigate changes in interest rates and ensure that you’re getting the best deal out there at any given time.

Your advisor will also support you through the whole mortgage application process, starting with understanding how much you could afford to borrow, identifying which lenders are most likely to accept you, and obtaining your decision in principle (DIP), to helping with the paperwork for your formal application and making sure you’re in the best position to be accepted.

FAQs

How much does it cost to use a mortgage advisor?

The cost of working with an independent mortgage advisor ranges from free, to a few hundred pounds. They may charge a flat or hourly fee, or a percentage of the amount that you’re borrowing. You’ll usually pay them once your mortgage is arranged.

However, the New Homes Mortgage Helpline’s service is free to Ashberry home buyers – though we do receive a fee if you choose to use their services.

Who can benefit from using a mortgage advisor?

Anyone who is in the process of buying a home can benefit from the expertise and unbiased advice of a qualified independent mortgage advisor. They can access a wider choice of deals for you, identify the lenders that are most likely to offer you a mortgage, and help you with the application process which can be tricky to navigate, even if you’ve been through it before.

Having the support of a mortgage advisor can be of particular appeal to first-time buyers, as well as people whose financial circumstances are more complex, such as if you’re self-employed, or have a poor credit history.

What questions will a mortgage advisor ask me?

Your mortgage advisor needs to find out as much as they can about you, so that they can look for the most suitable and affordable mortgage products currently available. From your initial consultation, and throughout the process, they’ll ask you lots of questions about your lifestyle, financial position, and mortgage requirements.

Here are the types of questions that your mortgage advisor will ask, so you can prepare yourself with the information they need.

  • What type of job do you have and how much do you earn?
  • What are your monthly outgoings, including regular expenses like food, utility bills and finance repayments, and personal spending on hobbies, personal care and entertainment?
  • Do you have any existing debts?
  • Do you have a good credit history?
  • Do you have any children or dependents?
  • How much deposit do you have for a mortgage, and how did you acquire it?
  • What is the price of the property that you wish to purchase?

Mortgage calculator

Looking for up-to-date, accurate financial advice?

With thousands of mortgage products available, we’ve teamed up with one of the UK’s leading new homes mortgage specialists, New Homes Mortgage Helpline, to help find the right mortgage product for you and your individual circumstances.

Please note, by using the link below you consent to leaving the Ashberry website to go through to the New Homes Mortgage Helpline portal (The New Homes Group Limited) which offers customers unbiased, reliable and professional advice on mortgages available from a wide variety of lenders. Ashberry may receive a commission when you complete on a mortgage arranged by the New Homes Mortgage Helpline through this portal.

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