Following on from my previous meeting with Chris Pascoe and Mike Perkins regarding all matters financial. I have caught up with them again to get the latest news regarding first time buying.
Chris mentioned that it is a financial minefield for mortgage burrowers especially first time buyers that's why holding there hand and walking them through the process is always the best. Chris talked about a recent client where they had seen another Independent financial adviser and were being charged £900 up front for the adviser to place a mortgage. They then approached Chris, where not only did he find a better deal (that was exclusive to both Mike and Chris) his fee was only £195 which was only payable once they moved in. All in all the clients got a better service and saved lots of money.
When first time buyers are actively looking at the mortgage market, having the confidence in their financial adviser is paramount. This then gives them the peace of mind, that while the stresses, strains and excitement of buying of your first home the financial minefield is taken control off and one less thing to worry about.
There are many different types of first time buyer packages currently available. These range from Low Interest Rates, Cash Back Incentives to even Stamp Duty Being Paid by the Lender. Seeking independent advice is the only way to access all of these deals.
One tip Chris had was to remember that paying any upfront fees for an adviser to source a mortgage is not best practice.
Please speak to Mike and Chris directly for the best way forward.
chrispascoe@beagroup.com
mikeperkins@beagroup.com
In the next addition we will be covering how we can help you Port your Mortgage and take advantage of your current mortgage rate.
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