Some important facts if you require a mortgage to buy your new property
2nd May 2008
FACT: Most home buyers in London use the services of a Mortgage Broker or Financial Adviser to help source and arrange the most appropriate mortgage for their particular requirements.
FACT: The adviser usually offers a “Whole of Market” service which is understood by the general public to mean that they are able to access mortgage products from the whole market i.e. all lenders. What it actually means is that they are able to offer products from those lenders that choose to market their products through them.
FACT: Normally this does not cause any concern as advisers are a very efficient way for lenders to sell their mortgages and so often offer products that are as competitive as direct offers and in some cases even more competitive. This usually means a competitive mortgage rate for you, offered with the back up of ongoing advice from an expert in the field for years to come. Happy days...
NEW, CONCERNING FACT: Since the dreaded “Credit Squeeze” some lenders have now started to offer more competitive products directly to the public (good news for the buyer!!). These can sometimes be significantly more competitive and an adviser will often not mention these products to you for fear of losing your business directly to the banks (bad news for the buyer!!). This leaves a predicament that we feel needs to be brought to the public’s attention.
Does the adviser offer you the best product from those made available to them, ignoring those available directly to you, hoping you don’t find out?
OR,
Do they make you aware of all the products available in the market irrespective of whether they can arrange it for you (and therefore lose your custom)?
We have decided to break the mould as we are very keen to ensure that you obtain the absolutely correct product for your circumstances.
For a set fee of £495*, GFS will source the most appropriate mortgage for you by considering all products, direct or via “whole of market”. The best scheme for you is not always the cheapest headline rate as other factors such as size of deposit, income multiple, speed of processing and size of lenders arrangement fees all being considered carefully. Do you feel confident that you could do this yourself?
In addition we assist you through the entire moving process to include running through your moving costs and budget which I understand the lenders do not always do.
Mortgage financing, due to the “Credit Squeeze”, has become extremely complicated and knowing that an adviser is charging a fee to work directly for you to achieve the very best possible product has to be welcomed. We guarantee that by taking up this offer, you will save more than £495** against the “whole of market” alternatives. If sufficient value cannot be added then we will make the best recommendation available from “whole of market” and no fee will be charged as we will receive their payment by way of a commission paid by the Lender in the traditional way. We will be happy to explain all this to you…
Honest, straight forward, professional advice that will provide you with the best mortgage for your circumstances
Call Greene Financial Services for advice today.
Tel. 0207 328 3280 or email enquiries@greenefs.co.uk
www.greenefs.co.uk
If you are already using the services of another adviser may I suggest that you ask them if they consider every product, which I doubt? If they don’t then why not contact GFS to find out more about their proposal!
FACT: We don't believe in small print. GFS will be there for every step of the process… £245 will be payable when the most suitable product is recommended to you and the remaining £250 will only be payable on issue of the mortgage offer.
FACT: This service will save you money and is worth serious consideration.