Let's start with the obvious… It's free!
Mortgage advisers receive their payment from the bank for providing them with new business.
They are authorised to give advice on the bank's lending products, whereas by going directly to the bank, the advice part isn't there. Not only this, they have access to every bank's products plus specialist lenders if you need something a little outside the box… These products can vary, which means one bank's facilities may be a better fit for you than another.
They also tailor a proposed structure based on your specific position, what you're trying to do and what your future plans look like. You might have a baby on the way, fixing longer for 3 years might be good if you're looking for security and consistency of payments for your household budget.
Most people think of mortgage advisers as people who shop around for the best rate, which really is just one part of the full service. You're working with someone experienced and familiar with the property market and all the little unexpected things that pop up when going through the process of borrowing money for property. They have insight into important documents like sale and purchase agreements, builders' reports, and other small things in case anything odd shows up. Plus, they can give you a heads up before the important milestones along the way, so you have a smoother settlement on your home purchase or refinance.
Once the first transaction is done, advisers will maintain your mortgage with you by preparing for the next time it comes off fixed, and they often have long-term clients who go to them if they need anything mortgage and property related.
If you are a homeowner and you’ve only gone directly to the bank for your mortgage in the past, or if you're thinking about buying a property but just don't know where to start, Properli are offering a free financial review with one of our mortgage advisers.
Book a call with a Properli mortgage advisor: