So what exactly is ‘Mortgage Advice?’

Wednesday, August 31st, 2016

It is not uncommon for people to misunderstand what mortgage advice is or misinterpret what benefits can be gained from using a broker or adviser to get mortgage advice, be it for the purpose of buying a new property, remortgaging for a better product or capital raising, or even facilitating an investment property purchase (Buy to Let).

Why get Mortgage Advice from a Broker rather than a Provider?

There is a distinct difference between getting ‘advice’ from a high street mortgage provider, who will only be able to offer you a product from their own range, compared to getting advise from a broker such as Sutton Coldfield’s Caboodle Finance, who are able to offer you expert advice regarding a much more comprehensive range of mortgage providers.

Many people like to use tools such as comparison tables to try and find the cheapest mortgage available for them, and although these tools can be useful, unfortunately what they do not provide is the detailed criteria that will govern which product would actually be available to each individual based on their circumstances.

It is generally only possible to get full mortgage advice and a recommendation regarding the best and most suitable mortgage available for a persons’ individual circumstances and requirements by using a professional mortgage broker or adviser as they will know and fully understand the criteria and requirements of each lender, thus avoiding unnecessary enquiries or consideration for lenders’ who are unlikely in the final analysis to be able to assist anyway.

Good Mortgage Advice helps you look beyond the monthly payment

Choosing and recommending the most suitable mortgage is not just down to the cheapest rate or monthly payment, it also involves an understanding of a number of other aspects such as the short, medium and long term plans of the applicants, what if any changes they expect in their personal circumstances and what they want the mortgage to do for them.

All the different factors should then culminate in an adviser providing mortgage advice which recommends the type of mortgage (I.e. Fixed, Tracker, Variable, Off-Set etc.), the term of the mortgage based on affordability and budget, the features and benefits available that meet specific requirements and of course the mortgage provider that best fits those criteria.

So, if you feel in need of some impartial mortgage advice, click HERE to contact Caboodle Finance, of Sutton Coldfield, Birmingham or alternatively just call 0121 308 9114 today and our friendly team will be more than happy to help you.

Click here to view our data protection policy

Click here to view our Customer Privacy Notice


Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 7.65% APRC. There will be a fee for secured loan advice and the exact fee will depend on your circumstances. The fee is only payable on completion and can normally be added to the loan. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England and Wales at Mere Green House, 46-48 Mere Green Road, Sutton Coldfield, West Midlands B75 5BT (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Caboodle Financial Services Ltd may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let.

© 2023 Caboodle Financial Services Ltd