Maan

0845 672 6000
taking the devil out of the detail

Wednesday, 29th June 2010

“A bank is a place that will lend you money if you can prove you don’t need it” – Bob Hope

Mortgages are like injections – we’d like to go through our lives without any, but unfortunately, most of us will need one or two along the way to help us get where we want to go. To continue with the analogy, much like injections they don’t have to be painful – it depends upon the care and experience of the person at the other end of the needle.

Secondly;

You have the option to administer your own medicine; there are plenty of price comparison sites on the internet that will allow you to choose from thousands of products, or you can read up on the many Best Buys Tables in the Money sections of most newspapers. However, very few, if any, of these comparison tools or tables take into account the vagaries of lenders and consider the full extent of your personal circumstances. So the hours spent poring over mortgage tables, completing data capture forms (and fending off the numerous unwanted calls from unknown brokers that have been sold your details) to select the product you decided upon are wasted when you receive the “computer says no” response.

Finally,

You could of course just go to the bank you have your current account with and choose from one of their products, but quite honestly, would you shop in a supermarket that only sold own brand products and only a limited number of lines? If you wanted premium brand baked beans, would you settle for second-rate spaghetti hoops? We apologise for mixing our metaphors to get our point across!

We don’t think that it is surprising that, even in the current climate when there is significantly restricted choice, most people are still using the services of an independent mortgage advisor. After all, we generally carry the widest range of products, and if we can’t get the right one we are happy to admit it and point you in the right direction, because actually it is as much about service as knowledge.

Advice

We don’t have to advertise that you get a named advisor when asking us for help, or that our phone service is UK based, because we always provide one-to-one tailored advice and recommendations and generally we meet you face to face. We always remember that you are entering into a long-term commitment and, whether you are buying a home for the first time or are an experienced home owner, there are many things beyond just the mortgage that can go wrong. We aim to limit the risks to you from the start.

So, you can choose your medicine: DIY (and maybe bodge?), take something convenient that might not be totally effective, or come and see a consultant and take a prescription that’s right for you.

To find out more information please contact us and arrange to meet with one of our advisors who will be able to assist you with a wide range of money related matters.