Category: Belfast Mortgage Advisor

Essential Questions for Your Mortgage Adviser

Questions to ask your Mortgage Adviser? Taking out a mortgage is likely to be the biggest debt you will have in your lifetime. Choosing a mortgage is not a decision to be taken lightly.

To get in touch with a mortgage adviser in your area please contact us.

Get in touch with a mortgage professional

Questions to ask your Mortgage Adviser

  1.  How do you charge your clients? Get this clear from the outset. Some mortgage advisers charge a fee upfront or on completion, others are paid commission from the lenders. Some mortgage advisers charge a combination of a fee and commission.
  2.  Are you independent and able to cover the entire mortgage market?  Our mortgage brokers all cover the whole of the market.
  3. How long will the mortgage process take? This will vary from person to person and your adviser should be able to give a rough estimate. Other factors have an impact here for example if you are waiting to sell your own house to release deposit funds.
  4. What deposit should I have? Your mortgage broker will be able to provide quotations based on various levels of deposit. Generally the higher deposit you put down then a lower interest rate can be obtained.
  5. What qualifications do you have? All our mortgage brokers are CeMap certified. CeMap is the certificate of mortgage advice and practise.
  6. Can you give me a breakdown of all the mortgage costs? Make sure your mortgage adviser gives you a breakdown of all the costs and fees. The last thing you want is unexpected fees further down the line.
  7. Can you provide advice on other areas of finance and insurance? Many mortgage brokers will be able to offer guidance on home insurance, life insurance, income protection and pension planning.
  8. Will you review my mortgage in the future? Building a relationship with your mortgage broker is beneficial as they will monitor your mortgage payments and advise when savings can be made. This will save thousands over the lifetime of the mortgage.

Get in touch with a Mortgage Advisor

How Mortgage Reviews Can Cut Your Payments Significantly

Why it pays to review your mortgage

For mortgage advice in Belfast and throughout Northern Ireland contact Best Mortgage services. Our Advisors provide a free mortgage review service.

Book a mortgage appointment.

Is your current mortgage as competitive as the best new deals on the market today? You can save hundreds, perhaps thousands of pounds by shopping around. You should review your mortgage payments at least once per year.

How often should you review your mortgage?

At the very least, you should review your mortgage:

    • When interest rates change especially if your mortgage rate is a tracker or variable.
    • When your current mortgage deal comes to an end.
    • Once a year if you are not tied in to a deal with early repayment penalties.

If you do nothing when rates change or your mortgage deal ends, you could lose out to many better deals that are available elsewhere in the market.

How much can you save by remortgaging?

Let’s assume you have £150,000 balance on your mortgage with 20 years left paying £1003 per month on a repayment basis. Your previous discounted rate ended and you are now paying the standard variable rate of 5%.

Switching to a 3% fixed rate deal reduces the monthly payment to £840 per month. That is a huge saving of £163 per month. An extra £1956 per year in your bank account.

Mortgage Advice Belfast

Contact us and one of our Mortgage Advisors will be in touch to source the best mortgage solution for you.

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Remortgage

Is your mortgage deal expiring? Avoid costly Standard Variable Rates by switching now. With Northern Ireland’s property market evolving, homeowners can secure new deals up to six months early. Compare the latest offers from top lenders to lower your monthly payments and lock in long-term stability for your home.

RemortgageChoosing a lower interest rate and deciding to remortgage could save you thousands. A local mortgage broker will research all the deals on offer. Use their experience and expertise to compare the fees and interest rates on all the remortgage deals.

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By submitting this form you agree to being contacted by a regulated mortgage broker to assist with your query. Your details will not be sold to any third party and will not be used for future marketing purposes.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt that is secured on it.

Why Remortgage

A key advantage of using a local mortgage broker is that they will keep in touch with you when your existing deal is about to expire. You should never pay the lender’s higher standard mortgage rate and will always be informed about the best remortgage deals.

A Mortgage Advisor will manage your application from start to finish – saving you time and money.

The information provided on this website is for information and guidance purposes only and does not represent financial advice. Financial advice is provided by our partner advisers who are regulated by the Financial Conduct Authority.

Best mortgage rates

Best mortgage brokers

Fixed rate mortgages

Fixed rate mortgage

Below are a list of fixed rate mortgage deals suitable for First Time Buyers.

2 yr fixed rate

2.55% 2 year fixed rate with no fees. Available to 95% loan to value. Free valuation for first time buyers

3 yr fixed rate

3.75% 3 yr fixed rate with no fees. Available to 95% loan to value. Free valuation for first time buyers

5 yr fixed rate

3.58% 5 yr fixed rate with £268 application fees. Available to 95% loan to value. Free valuation and £300 cashback incentive upon completion of the mortgage.

Book a free mortgage consultation

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt that is secured on it.

The content on this website does not provide Financial Advice but provides information only. Advice can only be provided by a Regulated Mortgage Advisor.

Mortgage Advice. Where to go for the best mortgage deal.

Mortgage advice is essential. Choosing a mortgage is one of the biggest financial decisions you are likely to make. There are thousands of mortgage deals out there, so how do you choose the right one for you? From the many different providers to the extensive range of products and rates available sourcing a mortgage can be very complex.

Mortgage Advice

Lenders and brokers must offer advice by recommending the most suitable mortgage for you. A Mortgage Adviser will assess the level of mortgage repayments you can afford, by taking into account your income unsecured debt repayments and various outgoings.

If you choose your own mortgage without advice it’s called an “execution-only” mortgage application. Getting mortgage advice rather than on an execution-only basis means that, if for some reason the mortgage turns out to be unsuitable for you later on, you’ll have more rights when you make a complaint.

If you don’t take advice you could end up:

  • with the wrong mortgage for your situation, which would be a costly mistake in the long run
  • being rejected by your chosen lender because you didn’t understand the mortgage criteria. Too many credit searches by multiple finance companies can have an adverse affect on your credit rating.

Talk to a mortgage advisor

A mortgage adviser, also known as an independent mortgage broker, is a specialist with in-depth knowledge of the market. They are not restricted to one Bank’s mortgage products.

Mortgage brokers might charge you for their service depending on the product you choose or the value of the mortgage. Others will be free to you but they’ll receive commission from the lender.

They should tell you up front how much you will pay for their services. You should also be told if an adviser is paid commission. Once your broker makes a product recommendation they must give you a mortgage illustration document usually called a KFI – Key features Illustration

All mortgage advisers must offer you advice when recommending the most suitable mortgage for you. This means you are protected and you can complain to the Financial Ombudsman should the advice be unsuitable which results in a financial loss.

using a Mortgage Broker

      • They help you take all the costs and features of the mortgage into account
      • They may have exclusive deals with lenders, not otherwise available
      • They’ check your finances to make sure the mortgage is affordable
      • They should only recommend a mortgage that is suitable for you
      • They will complete the paperwork for you, so your application should be dealt with faster
      • They are regulated by the FCA – Financial Conduct Authority
      • They offer appointments outside of normal working hours for your convenience.

Find the Best Mortgage Deals in Belfast

Belfast Mortgage Adviser

Contact a Belfast Mortgage Advisor for the best advice and service. Partner Advisors with Best Mortgage Services have a wealth of experience in sourcing great mortgage and insurance deals for their clients.

Home and telephone appointments available to suit your schedule.

Benefits of using a Mortgage Broker?

  • They will meet with you at a time that suits your schedule
  • Talk you through the full application process
  • Check affordability and obtain an agreement in principle
  • Process your application and liaise with solicitors and estate agents
  • Ensure you are provided with the best mortgage protection advice
  • Contact you when your mortgage is due for renewal to ensure your interest rate is always competitive. This could save you thousands over the term of the mortgage.
  • Your local Mortgage Broker is just a phone call away to assist with all areas of Financial Planning

Book an appointment with a local Advisor.

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By submitting this form you agree to being contacted by a regulated mortgage broker to assist with your query. Your details will not be sold to any third party and will not be used for future marketing purposes. We hate spam as much as you do.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt that is secured on it.

Mortgage Advice Belfast

Best Mortgage Services are proud to work with the best Mortgage Brokers in Northern Ireland providing a great service to customers. Not all UK lenders will lend in Northern Ireland and it is important to speak to a mortgage broker who knows the local market inside out.

Mortgage Advisors Belfast

Not all UK lenders offer mortgages in Northern Ireland so local brokers use their expert knowledge to match you to the best mortgage solution. Whether you are buying your first home, a buy to let investment or seeking a better remortgage deal a local broker will ensure that you get the very best deal.

Mortgage Broker Belfast

Your local mortgage broker will do all the paperwork, submit the application to the lender and advise what other documents are required to process the case to a mortgage offer. Once your mortgage completes they will diary it for review in the future to ensure that you continue to get the best mortgage deals. They will also assess your needs regarding mortgage protection protects such as life insurance, critical illness insurance and income protection.

Book a free mortgage consultation.

The information provided on this website is for information and guidance purposes only and does not represent financial advice. Financial advice is provided by our partner advisors who are regulated by the Financial Conduct Authority.