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Financial/mortgage Advisor

2

Comments

  • matimage
    matimage Posts: 558 Forumite
    My thoughts exactly.
    Sometimes you get what you deserve... :cool2:

  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    matimage wrote: »
    Right, decided to pull my socks up and get in touch with a mortgage advisor. I found one yesterday through mortgagehero website

    where did you find out about that site ?

    Appears yet another site that takes consumers details and passes them on to brokers for a fee
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • matimage
    matimage Posts: 558 Forumite
    mortgage hero recommended it. Is this not good then? Don't know what other choice I had to be honest, didn't receive the avalanche of recommendations I was expecting...
    Sometimes you get what you deserve... :cool2:

  • oddiZ
    oddiZ Posts: 16 Forumite
    payless wrote: »
    where did you find out about that site ?

    Appears yet another site that takes consumers details and passes them on to brokers for a fee

    Nothing wrong with that is there?
  • silvercar
    silvercar Posts: 50,650 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    I would rather use a broker busy from recomendations and repeat business rather than one buying leads from random websites.
    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.
  • matimage
    matimage Posts: 558 Forumite
    Aha silvercar!
    Hit the nail on the head there, If you read my first post I was after recommendations but no-one replied! Not sure if this is the result of the forum rules but there you go. So I did as suggested, went to mortgagehero AND stuck a pin in the yellowpages...
    Sometimes you get what you deserve... :cool2:

  • dunstonh
    dunstonh Posts: 121,109 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Advisers that are desperate buy leads. Do you want to get you advice from someone that is desperate for clients (and therefore income)?
    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.
  • matimage
    matimage Posts: 558 Forumite
    And your suggestion is?...
    Sometimes you get what you deserve... :cool2:

  • Leon_W
    Leon_W Posts: 1,813 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I buy leads. I'm not desperate for clients or income.

    If things are a bit quiet then I have no problem with buying a few leads in. Generally all done over the phone cases aswell which make life easier for me.

    Look at it the other way dunston. If an adviser buys a lead, then they obviously have the capacity to deal with it, will want to help the client, and earn a return on the expenditure. :beer:
  • dunstonh
    dunstonh Posts: 121,109 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Fair response back Leon.

    I have never bought leads but I know those that have and those particular advisers I wouldnt want to get my advice from. Like any negative generalisation, there are going to be exceptions.

    Also, my comments are based on being an IFA rather than a mortgage adviser and of course mortgage advice income is more transactional than an IFA getting trail and renewals with more frequent servicing. On the IFA side there really shouldnt be a need for it.
    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.
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