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I need some financial advice
lorriellah
Posts: 128 Forumite
I need to speak to a financial advisor about buying a house and I just wondered if you guys could recommend a firm/person. I'm in Greater Manchester. Do they charge? What should I expect?
0
Comments
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1) Make sure they are registered/regulated by the FSA.
2) Make sure they are "whole of the market" not just one or two or a few lenders.
3) For the most truly impartial advice, you need to pay a fee. However, you can get some pretty good advice for free from a lot of advisors - these guys get paid a commission from the mortgage lender (and insurers if applicable) when you are signed up so they don't charge you. Some unscrupulous advisors will advise you to go for the produce that brings them the highest commission but most of them are OK. It pays to do a bit of research yourself too so you can check whether it really is the right deal for you. If you choose to pay a fee for the advice, make sure that any commission on the product is paid to you/offsets the fees!0
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