Mortgage Advice

Tuesday, February 24th, 2015

“Always Make Sure You Get Great Mortgage Advice” suggest the team at Caboodle Finance in Sutton Coldfield, Birmingham.

The mortgage industry has been through significant regulatory change over the last couple of years, with one of the main focuses of the Regulator being on consumers getting appropriate mortgage advice.

Many high street lenders only offer mortgage advice on their own restricted range of products whereas using a mortgage broker such as Caboodle Finance, from Sutton Coldfield in Birmingham, will mean you can be given advice from a comprehensive panel of lenders which will normally be representative of the whole mortgage market.

Regulatory Changes on Mortgage Advice

Since the regulatory changes were implemented, the focus has been firmly placed on the mortgage advice customers receive and many more mortgage lenders are recognising the work brokers and intermediaries do and the importance of their role in the market. In recognition of the way the regulation has changed the way mortgage advice is given, more mortgage lenders are starting to distribute their products through the intermediary market meaning that many more of the best mortgage deals will be available by seeking advice from a mortgage broker.

HSBC, TSB, The Post Office and Tesco are the most recent companies to offer their product range through intermediaries as they look to increase their market share by using this distribution channel. This is all good news for people looking for a mortgage whether they are looking to purchase a new property, remortgage an existing property or to raise money on a Buy to Let property.

The addition of these and other lenders to the panel of many mortgage brokers is likely to mean that they have the choice of around 40-50 lenders across the market when providing mortgage advice and recommending which mortgage is the most suitable to meet the needs and requirements of the individual customer.

Charges for Mortgage Advice

The majority of mortgage brokers will charge a fee for their mortgage advice and services, although the expertise they provide and the outcome that can be achieved in terms of the competitive nature of the mortgage they can source will often recoup the fee many times over during the term of the mortgage.

Many brokers will not only source and process the mortgage on behalf of the customer they will also liaise with the other third parties involved in the transaction such as estate agents, solicitors and surveyors, thus taking a great deal of the strain out of what can sometimes be a stressful time for many people.

Does that sound like the sort of bespoke service you’ve been looking for?

Call Sutton Coldfield’s very own Caboodle Finance today on 0121 308 9114 or click HERE to contact us by email to find out more.


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. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. 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 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.

© 2020 Caboodle Financial Services Ltd