Independent mortgage adviser


Your independent mortgage advisor – what is it about?

If you are seeking independent mortgage advice, you may well already understand the benefits of using an independent mortgage adviser. The dictionary definition of independent is ‘free from outside control; not subject to another’s authority’ and that may be a little too broad for the regulated market in which independent mortgage advisers have to work.

However, the importance of independence when seeking your mortgage advice cannot be understated. This is particularly the case following the implementation of the Mortgage Credit Directive standardising rules for the mortgage market across the EU.

What is an independent mortgage adviser?

An independent mortgage adviser is clearly defined by the regulator. In order to market themselves as independent, the adviser must provide advice on mortgage products across the whole of the UK market in the following areas:

  • Residential purchase mortgages
  • Residential re-mortgages
  • Buy to let mortgages
  • Buy to let re-mortgages
  • Secured loans

A mortgage adviser that is not independent will be selecting your product options from a limited panel of lenders and may not even be considering the full range of options available to you on a re-mortgage.

Now, more than ever, it is important to obtain independent mortgage advice when seeking a mortgage.

Where to obtain independent mortgage advice?

Your first port of call on a property purchase may be your local estate agents office, but this is the wrong place to obtain independent mortgage advice. Even if the mortgage adviser in your estate agents office carries the word independent on their business card, you need to remember they are not independent from the estate agent with whom they work and the estate agent is working for the vendor, not for you. Hence, you are likely to find a conflict of interest when using an in-house mortgage adviser.

You cannot obtain independent mortgage advice from your Bank,  as by definition, their mortgage advisers will only advise on one range of products, those marketed by their Bank.

The majority of independent mortgage advisers are small businesses run by individuals who understand that their businesses rise and fall off the back of their customer care. It is perhaps therefore, a good idea to get a personal recommendation from a friend or colleague when seeking independent mortgage advice.

What about specialist independent mortgage advice?

There are some areas of the market where you need a mortgage adviser that is not only independent, but is also a specialist.

Typical areas could be:

The 7 minute mortgage
It takes just 7 minutes to complete our secure online mortgage request form

How independent mortgage advice is provided

Most independent mortgage advisers work face-to-face on a two or three meeting process.

That is fine for those with the time and inclination to put aside several hours and perhaps travel in order to attend meetings.

Here at, A Mortgage Now, we provide our independent mortgage advice online and discuss your needs and options over the telephone in a few minutes.

This means

  • No meetings
  • No paperwork
  • No fuss

if you need help from one of our independent mortgage advisors please call us now on 020 8979 9684