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Mortgage Advisors

DopeyDora_2
DopeyDora_2 Posts: 151 Forumite
in Mortgages & endowments
He,

We now have a reasonable deposit & are planning on buying our first property. We would like some help/advice with mortgages.

Is a mortgage advisor the same as an IFA? I have found some local IFA's websites on "Yell.com" but not specific whole of market mortgage advisors. Any help?

Dora x

Comments

  • silvercar
    silvercar Posts: 50,650 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    you should go to a whole of market mortgage advisor. we use an IFA for investments but wouldn't think of asking him about mortgages - different skill areas.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • DopeyDora_2
    DopeyDora_2 Posts: 151 Forumite
    So how would I find one? Can't seem to find any using yell.com.

    Dora x
  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    As silvercar rightly says IFAs tend to be more investment class business whereas whole of market mortgage advisers will tend to specialise in mortgage.

    Can you ask friends for a recommendation?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • DopeyDora_2
    DopeyDora_2 Posts: 151 Forumite
    I'll try asking around at work then I guess.

    Most of our friends are at the same stage in life as us & haven't bought their own properties yet!

    Dora x
  • AndrewSmith
    AndrewSmith Posts: 2,871 Forumite
    Either that or look in your local pages.

    Where abouts in Swindon are you? My brother inlaw lives in Shaw just by the cinema complex.

    Cheers

    Andy
  • DopeyDora_2
    DopeyDora_2 Posts: 151 Forumite
    Hi Andrew,

    At moment renting in Taw Hill. Looking to buy in that area or Abbey Meads/Haydon Wick.

    Small world!

    Dora x
  • dunstonh
    dunstonh Posts: 121,109 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    A lot of IFAs will have a mortgage adviser in their office. It just wont necessarily be the IFA that does it.

    Whilst everyone is different, I would expect a dedicated mortgage adviser to be a better choice than an IFA that may do a couple of mortgages every now and then.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • AndrewSmith
    AndrewSmith Posts: 2,871 Forumite
    DopeyDora wrote:
    Hi Andrew,

    At moment renting in Taw Hill. Looking to buy in that area or Abbey Meads/Haydon Wick.

    Small world!

    Dora x

    Yes isn't it.

    Abbey Meads and Haydon Wick are really nice. The good thing about Swindon is that, relatively speaking, you usually get a good sized property for your money.

    Andy

    :beer:
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