Mortage Advisor - Advice

wee_plumb

Hi All,

Quick question - I can't seem to find the rates offered by my mortgage advisor on the lenders website - should I be able to?

Thanks.

wee_plumb

I've found the rate - it's advertised on a website as an intermediary rate. I'm assuming this means only available to mortgage advisors.

The advisor is a whole of marker advisor - why would this rate be higher than the lenders advertised rate?

dunstonh

I've found the rate - it's advertised on a website as an intermediary rate. I'm assuming this means only available to mortgage advisors.

Correct.

The advisor is a whole of marker advisor - why would this rate be higher than the lenders advertised rate?

A whole of market mortgage adviser will typically offer commission only paying mortgages. These deals may be better or worse than the deal offered by a different distribution channel.

A mortgage adviser being employed on independent basis can go real whole of market and can include intermediary deals and non-intermediary deals. Although the level of work they can do on your behalf may vary depending on lender used. (e.g. an independent may recommend a lender that does not correspond with advisers. So, you will have to keep the adviser in the loop).