Mortgage Advisers and Mortgage Brokers can only offer Independent Mortgage Advice if they offer mortgage from the whole of the market and are not tied to a single or group of banks. This means that the mortgage product you are being offered is the best available on the market and has been compared to the entire market. By accessing the entire market they can access a much wider selecteion of products that your bank or a tied adviser. A tied adviser is one that can only offer product from a single or group of lenders, this can vastly restrict the products and options a potential borrower may have.
Independent Mortgage Adviser Vs High Street Mortgage Adviser
Independent Adviser
- Access to the entire mortgage market
- Fully independent advice
Bank Adviser
- Tied to only one or a selection of lenders
- Advice geared towards a specific product or lender
