Satchells Mortgages and What Does ‘Whole of Market’ Mean?

Buying a home is likely to be one of the biggest financial commitments you will ever make. It is, therefore, vitally important that not only do you choose the right house, but you get the right financial advice for your personal circumstances.

Getting the right advice, preferably through a whole of market independent mortgage advisor, early on in the process should help things to go as smoothly as possible. In fact, many sales and purchases hang on mortgage offers and any problems can and will bring things to a halt.

So, it’s imperative that you get your mortgage arranged as soon as possible once a house move is on the cards. However, in the often highly competitive mortgage industry, whose advice should you take?

Should I Contact my Bank About a Mortgage?

You could of course go straight to a lender yourself, but we wouldn’t recommend that unless you are highly knowledgeable about mortgages and personal finances and you’ve done a lot of research. As the Money Advice Service advises, if you do it yourself, you must take responsibility for the final decision you make.

You could go straight to your bank or building society and yes, that is a good starting point because they will know your financial background but be aware that they will only talk about their own mortgage products, which may or may not be the best for you and your own specific circumstances.

Seek Independent Advice

We know how important it is that you seek the advice of a highly trained and competent independent mortgage adviser, or broker, who will look at all the mortgage products available on the market.

Working with you, they will do the hard work, taking the stress of securing a mortgage and moving home away from you and ensuring all the paperwork is completed correctly. An independent mortgage adviser will examine your finances, income and expenses, look at how much deposit you can put down, and assess the level of repayments that you will be able to afford.

The Money Saving Expert website states that due to the impact of COVID-19 on many people’s financial situation, lenders are tightening up the criteria they use when looking at applications, and therefore it is even more important to seek the expert advice of an independent mortgage adviser.

Satchells Advice to you – Choose a ‘Whole of Market’ Independent Financial Adviser.

At Satchells, we suggest that you use an independent mortgage adviser who looks at what is called “whole of market”. As the phrase suggests, a mortgage adviser who looks at “whole of market” isn’t confined to just looking at specific deals and is, therefore, more impartial, and free to look at more available products. They scour the whole market looking for the best mortgage product to suit you and this could potentially save you some cash.

At Satchells, we have “whole of market” mortgage advisers who will help you find the ideal mortgage for your personal circumstances. Our mortgage advisers will give you, our valued customers, the correct advice using their knowledge, experience and expertise. What’s more, we’ll help you to navigate your way through the whole process.

It’s part of the reason we are the highly successful, independently owned and traditional family-run business that so many home movers in Bedfordshire and Hertfordshire have come to trust when it comes to buying and selling property.

Contact Us

We’re more than happy to help when it comes to helping you find and arrange a mortgage, so if you’re thinking of buying a new place, come to us to see what
we can do for you. Call the Satchells team on 01462 600900 or email us at admin@satchells.co.uk

Please note full disclosure: Your property may be repossessed if you do not keep up repayments on your mortgage. Satchells may receive a fee/commission payment from the referred adviser should you instruct them.