Mortgage Advice Centre In Edinburgh: Choosing The Right Advisors To Suit Your Needs

A mortgage advice centre in Edinburgh may be something you need. After all, if you are looking for a mortgage, then searching for such support is the best place to start. Getting the right advice before beginning the mortgage application process can save you time and money, as well as the potential disappointment of being turned down for a mortgage. Advice is also important to ensure that you are offered the right mortgage and the best terms of repayment for your financial situation. If you don’t keep up your repayments, there is a serious risk of your home being repossessed. But how do you ensure that you are getting good mortgage advice from a sound financial advisor in Edinburgh?

When searching for mortgage advice in Leith Walk and the surrounding areas, a good place to start is ensuring that the company you are considering is registered with the Financial Conduct Authority. By choosing a company that is authorised and regulated by the FCA, you know that they must adhere to their strict rules and guidelines; and that should anything go wrong, you have the right of redress. Some leading financial advisors will also be members of other professional bodies such as the Chartered Insurance Institute (CII); and will be signed up to the Financial Services Compensation Scheme (FSCS), to give you additional peace of mind.

As well as checking for these signs of quality, you should ascertain whether the company providing mortgage advice in Edinburgh is independent or working with specific financial institutions or mortgage lenders. There is nothing wrong with either type of advisor, but it should be clear from the outset whether they have any affiliations to particular products or services. Independent advisers are able to consider and recommend all types of products across the market, whereas restricted advisers may only be able to recommend certain products, depending on their agreement. It’s important to seek clarity regarding the nature of the restriction. Another aspect that should be clear upfront is the fee that you will be charged for the mortgage advice you receive from the mortgage advice centre in Leith Walk.

Spend some time exploring the company’s website, and reading any testimonials listed there. This gives you a feel for how the company operates and communicates with its clients, as well as the level of client satisfaction with the advice that is given. One company of mortgage advisors in Edinburgh that meets all the required standards and can offer independent mortgage advice is Rowanbank Financial Consultants Limited. We have an excellent reputation for supporting first-time buyers, as well as those looking for buy-to-let or re-mortgage their properties. Visit https://rowanbank-ltd.co.uk to start your home ownership journey today.