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Help to Buy - financial advisor?
Paul1211
Posts: 20 Forumite
Hi all
I am starting the process of registering my interest in a help to buy home in Wales. The step by step guide says I must get a financial advisor.
Has anyone had any experience of going through this process? I have arranged an MIP for the property so I don’t see why I need to go through the financial advisor?
If anyone has taken his route, what is the cost of the FA?
Many thanks for any help
I am starting the process of registering my interest in a help to buy home in Wales. The step by step guide says I must get a financial advisor.
Has anyone had any experience of going through this process? I have arranged an MIP for the property so I don’t see why I need to go through the financial advisor?
If anyone has taken his route, what is the cost of the FA?
Many thanks for any help
0
Comments
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We do not do HTB equity loans, but the MIP is just for the mortgage. There is also paperwork and checks that need to be done for the HTB equity loan.
I do not think you are limited to financial advisors but also mortgage advisors. Have you asked the HTB people if it is actually a requirement? As we do not do them, I am not best placed to answer the question, but no harm in asking.
Some mortgage brokers are fee free, others are not and may charge up £500 for a straight forward case.I am a Mortgage AdviserYou 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.0 -
From what I remember HTB only recommend you get a financial advisor - unless it's changed since I went through the process 18 months ago. We opted not to use a FA and everything went though fine.0
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