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IFA or Mortgage broker??
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zeddy_2
Posts: 116 Forumite
Hi
Please could someone who is more in the know than me advise if I should be contacting an IFA or a mortgage broker?
Basically I would like to speak to someone to find out how much money we need to realistically need to save up in order to buy our first home, if we should be arranging a new loan deal (to better the one we currently have) and also realistically how much money we are likely to be able to borrow for a mortgage. They are the main things that I really need help with at the moment.
I don't want to waste anyone's time and ours by contacting the wrong person, so if you know whom I should contact then please please can you share the knowledge!!
Thank you!
Please could someone who is more in the know than me advise if I should be contacting an IFA or a mortgage broker?
Basically I would like to speak to someone to find out how much money we need to realistically need to save up in order to buy our first home, if we should be arranging a new loan deal (to better the one we currently have) and also realistically how much money we are likely to be able to borrow for a mortgage. They are the main things that I really need help with at the moment.
I don't want to waste anyone's time and ours by contacting the wrong person, so if you know whom I should contact then please please can you share the knowledge!!
Thank you!
0
Comments
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You need a mortgage adviser or an IFA that transacts mortgage advice.
The term IFA relates to investment advisers. IFAs can also hold mortgage authorisation but the term IFA does not relate to mortgages. There is an increasing number of IFAs that do not transact mortgage business so you cannot assume just because someone is an IFA that they are also a mortgage adviser.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.0
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