image of welcome mat for remortgage by Burnett Mortgages

Should I Use A Mortgage Advisor?

Wondering whether you should use a mortgage advisor or not? Are there any benefits and what are the costs?

Read on to find out.

Difference Between a Mortgage Advisor and a Broker

First, let’s cover one of the most confusing aspects of choosing a mortgage advisor, the difference between a broker and an advisor.

The answer is quite simple – there isn’t really any difference! The terms are used interchangeably, some professionals may use one or the other or just one, but they are the same thing.

Typically, if a mortgage professional works for a bank or mortgage provider, they would be an advisor but someone that has access to the whole market is a broker.

Brokers also use ‘advisor’ because a large part of the service is providing advice. Yes, they can help you find great deals, but a broker will also be there to answer any questions you have about the mortgage process, buying a house, or anything to do with finances.

Is It Worth Using a Mortgage Advisor?

A mortgage adviser is qualified to help find the most appropriate mortgage for your circumstances, can increase your chances of obtaining a mortgage, and possibly save you money.

For some people, using a mortgage advisor can be a sort of safety blanket and help them feel more confident in obtaining a mortgage. for example, people that may not be particularly confident dealing with the financial industry or worried about making a mistake.

Circumstances also make people want to use a mortgage advisor – first-time buyers, self-employed people, or those looking to obtain a buy to let mortgage.

All customers will have their unique circumstances but often, the circumstances are ones that a mortgage advisor will have come across before or helped another customer with. It is worth using a mortgage advisor so you can access their professional expertise and experience.

Benefits of using a Mortgage Advisor

a man with a questioning face

Many people ask, ‘do I need to use a mortgage advisor?’ and the answer is no – there is no requirement for you to use an advisor. If you are comfortable and confident you can find the right product for yourself then that is ok. However, there are benefits you could be missing out on.

A mortgage advisor can:

  • Advise on how much money you can afford to borrow
  • Explain the different types of mortgages and which is the most suitable for you
  • Potentially save you money when it comes to interest rates or fees
  • Find deals across the whole market and access special deals that aren’t available on the open market
  • Help you prepare for your application in a way that will give you the best chance of a positive outcome
  • Save you time as you won’t need to search for deals or spend time googling answers to questions you may have!

Potentially saving money and gaining access to expert advice are the biggest motivators for people using a mortgage advisor.

What Does It Cost To Use A Mortgage Advisor?

Some mortgage advisors charge a fee, and some don’t. Free mortgage advisors are not necessarily better or worse, they’re simply different.

Fees will vary between advisors, but they will usually either have a fixed price where you pay one sum for the complete service, or a percentage fee where the advisor will charge a percentage of the properties value.

Here at Burnett Mortgages, we use a fixed fee – you only pay one price for our service, including any follow up and remortgages.

Read more about mortgage advisor fees.

When Should I See A Mortgage Advisor?

It’s best to speak to a mortgage advisor as soon you know you want to get a mortgage! You can engage with an advisor at any time but perhaps the best time is before you start to look at properties.

After speaking to a mortgage advisor you will have a clear estimate of the amount of money you can borrow – this is handy to know before property hunting as you can then avoid looking at any houses that may be being your budget.

There are other times you may wish to use a mortgage advisor too – for example, if you’re already a homeowner and need to remortgage. In this case, you would get in touch before your current terms are up.

Where Can I Find A Mortgage Advisor?

Finding a mortgage advisor is easy but do a little bit of research beforehand to find someone who is right for you.

First, ask friends and family if they have any recommendations. If they have had a good experience with a particular mortgage advisor, then you might too.

There are also websites you can use to search for advisors in your area who offer services that are relevant to your circumstances. Unbiased is a popular website for finding an advisor. 

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What Our Clients Think Of Us

  • “Where do we start with Simon, we can’t recommend him enough. This time we re-mortgaged after he found our first mortgage on our first home. Simon is so easy to talk to, and he always goes the extra mile to help his customers. Any stress you have you have about your mortgage dwindles away as soon as you speak to Simon. Every little detail he explains to you in a way that it is easy for anyone to understand, so you will never sign anything you are unsure about. We can’t thank Simon enough and we will sure be in touch when its time to re-mortgage again.”

    Colette Hunt – May 2021

  • “We have found Simon to be a most helpful mortgage adviser. He is knowledgable and listens to clients’ requests and needs. He is very prompt in communication and always goes that extra mile to help. I would have no hestitation in recommending him for mortgaging advice.”

    Suzanne

  • “I couldn’t thank Simon and his team enough for helping me get on the property ladder. He could never do enough to help through the process. As a first time buyer I didn’t have a clue and any question I asked he answered with my best interests at heart. I would advise anyone who is thinking of using a mortgage advisor to use Simon and his team. I will be definitely using him in the future when it comes to remortgage time and thanks to Paulina who chased the solicitors making them pull there finger out. Thank you once again.”

    Matthew Lindley – May 2021

  • Very professional, honest and always at the end of the phone to guide you through everything you need. 100% recommend to anyone. Extremely happy with the service and will use for many years to come.

    Steve Fairhurst – December 2020

  • Simon was excellent from start to finish and in very unusual circumstances. He dealt with our mortgage managing to get us the best deal possible in a time of economic uncertainty and made sure our life insurance was up to scratch too. Despite not being able to be in face to face contact due to restrictions imposed at the time communicating was simple, regular, supportive and effective. He was easy to talk to and happy to deal with questions. He certainly went above and beyond to get us relocated and was excited for us even sending us a congratulatory gift. We will most certainly be returning when it is time to remortgage.

    Alexis – October 2020

  • “I cannot recommend Simon enough. He is professional, trustworthy, caring and knowledgable. Simon arranged both our mortgage and our protection. Unfortunately, we found ourselves in a position where we had to claim on the critical illness cover. Without his advice and cover we would have found ourselves in a sorry state. His attention to detail and no-nonsense approach to explaining each product ensured that we were covered. He has eleviated a huge financial burden at a very stressful time. I can’t recommend him enough. I will never use anyone else. This man really does go above and beyond.”

    Nicki – December 2018

  • “Moved into our first home today after the incredible support from Simon. Hasn’t been a simple journey, with obstacles in our way (from seller and seller solicitors) but Simon was consistent throughout and was availiable at all times of day during the week to make things as easy as possible. Always worked around our awkward schedule including house visits on a Friday night. Can’t recommend him enough. Thank you so much Simon!”

    Jessica

  • “My girlfriend & I were left in a tricky spot after our mortgage application was declined having already had an offer accepted. As a first time buyer this was very stressful but Simon consistently reassured us throughout the process. He was extremely responsive to all questions and sorted us a mortgage with a better rate than any other we could find online in less than two weeks. We will definitely be using his services & we can’t recommend him enough!.”

    Nathan – February 2021

  • “Simon is totally reliable, trustworthy and professional he went above and beyond to ensure that our mortgage was ported across to the new house we were buying in time for the completion date we had agreed. I would thoroughly recommend Simon to all of our friends and family and would have no hesitation in using him again to arrange a mortgage.”

    Steven Wheeler – August 2021

  • “Me and my partner were 1st time buyers and had no idea what we was doing with any paperwork or what to apply for. Simon and Paulina calmed all nerves and helped us every step of the way. Nothing was any trouble for them and no question was too stupid (I asked some stupid ones).

    I would highly recommend Simon to anyone who’s looking for their 1st home or people remortgaging.”

    Will Gregorick – April 2021

  • “We came across Simons website when we were searching for a local mortgage broker. We had just had our mortgage declined from a bank because I only had one years accounts. I emailed Simon and had a response from him within the hour, he said he’d try his best to help us out. He phoned us a few days later to talk about our situation and why we had our previous mortgage declined. With us being first time buyers we were stressed out and we didn’t want to loose a house that we had fallen in love with. Simon made sure that he gathered as much information as possible from me and my boyfriend and found a mortgage and had it accepted within a week or so. I would recommend him to anyone who is struggling to get a mortgage, he’s very down to earth, friendly and professional and we will continue to use him if we ever buy another house in the future!!.”

    Megan – February 2021

  • “Best service we could have hoped for! Simon got us the right mortgage quickly, was professional, friendly, super responsive and delivered what we needed in a difficult Covid-19 time time, all whilst explaining everything through to us. Burnett Mortgages even went the extra mile sending us a thoughtful and lovely moving in gift, which just cemented that caring touch we experienced throughout. We couldn’t recommend Simon, Paulina and Burnett Mortgages highly enough! Will definitely use them again in the future.”

    Rebecca Hastings, July 2021

  • “Excellent service. Both Simon and Paulina were very helpful guiding us through the process and answering all of the questions we had. Communications level has been fantastic and the application had progressed very efficiently. Thank you :).”

    Paulina Lucewicz April 2021

  • “We came across Simons website when we were searching for a local mortgage broker. We had just had our mortgage declined from a bank because I only had one years accounts. I emailed Simon and had a response from him within the hour, he said he’d try his best to help us out. He phoned us a few days later to talk about our situation and why we had our previous mortgage declined. With us being first time buyers we were stressed out and we didn’t want to loose a house that we had fallen in love with. Simon made sure that he gathered as much information as possible from me and my boyfriend and found a mortgage and had it accepted within a week or so. I would recommend him to anyone who is struggling to get a mortgage, he’s very down to earth, friendly and professional and we will continue to use him if we ever buy another house in the future!!”

    Megan Randall – February 2021

  • “Simon has just helped us remortgage our help to buy mortgage. He has been so supportive through this process going over and above!
    He got us a great deal on our mortgage too. Would definitely recommend him!!”

    Rachelle Mclennan – July 2021

  • “Simon gives 100% in all aspects of his work. Highly recommended.”

    Rick

  • Simon took on a challenge for my daughter – less than two months into a new job with time off on sick for Covid testing, turned down elsewhere, and not only found a mortgage that was 25% more affordable, but got it over the line within a week. Thank you – you’re a legend!

    Guy Nottingham – January 2021

  • “Me and my partner had Simon help us when we first decided to buy a property together neither of us had any experience and at the time we had an average if not low credit score Simon was able to talk us through the process and what we could do to raise that score and look at options available to us. Simon has helped us through every stage and has been an absolute diamond answering questions that we had no clue about. It is always a pleasure talking to Simon he works his best and looks at all options, he is very efficient and is true to his word. He has now helped us not only initially get onto the property ladder but with a variety of other questions in relation to our mortgage and we recommend him highly to anyone who needs help”

    SarahJane Ward April 2021

  • December 2020 “This is our second re-mortgage using Simon and on both occasions he has provided us with a first rate service. Personable, responsive, kind and extremely good at his job. I highly recommend him and will continue to use his services as long as he’s offering them!

    Also a thank you to Paulina, who has recently joined Simon’s team and kept in regular touch throughout as well as being very friendly and efficient.”

    Juliette Prosser- December 2020

Request a Callback

Please call us on 01302 436333 or email Burnett Mortgages for a no obligation conversation.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Not all Buy to Lets are regulated by The Financial Conduct Authority.

As with all insurance Policies conditions and exclusions will apply.

You may have to pay an early repayment charge to your existing lender if you remortgage.

There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This will typically be £399.

Burnett Mortgages Limited is an Appointed Representative of Stonebridge Mortgage Solutions LTD, which is authorised and regulated by the Financial Conduct Authority. Registered Office : Burnett Mortgages Limited, 115A Scrooby Road, Bircotes, Doncaster. DN11 8JN. England. Registered Company Number : 11224301. Registered in England and Wales.

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