Ok, so you’ve decided to get into Property Investment, you’re pretty good with numbers, and you’ve gotten mortgages before. So you don’t want to spend extra money on a Mortgage Advisor and you don’t need one right? Wrong. Really wrong. I’m extremely comfortable with numbers, and a bit of a numbers geek (having won National UK Maths Challenges in the distant past), but I’d still ALWAYS use a Mortgage Advisor. Here’s some important reasons why;

Access to a Wider Range of Products. Mortgage Advisors often have access to a broader range of mortgage products compared to what’s available directly to consumers. They can access deals from multiple lenders, including exclusive offers that you might not find on the high street or through direct applications. This ensures you have a better chance of finding a mortgage that suits your specific needs and financial situation​ – and saves your money.

Expert Guidance and Advice. Navigating the mortgage market can be complex, especially for first-time buyers. A Mortgage Advisor provides expert guidance through every step of the process, from understanding different types of mortgages to selecting the best deal and completing the application. Their expertise can save you time and stress, helping you make informed decisions​. Don’t forget also that the market is constantly changing – it’s a fulltime job just to keep on top of that.

Tailored Solutions. Great Mortgage Advisors take the time to understand your financial circumstances, goals, and preferences. They can offer personalised advice and recommend mortgage products that best fit your unique situation. This tailored approach ensures that you are not only getting a mortgage but the right mortgage for your needs​. A really great Mortgage Advisor will go one step further and anticipate your potential future needs – advising accordingly.

Assistance with the Application Process. Completing a mortgage application can be daunting due to the detailed paperwork and specific requirements. Mortgage Advisors assist with the application process, ensuring that all documents are correctly filled out and submitted on time. This reduces the risk of delays or rejections due to errors or missing information​. They have a reputation to keep up as well – both with you and the lenders – so they will help you to make sure everything is correct.

Negotiation and Problem-Solving. Mortgage Advisors have strong relationships with lenders and can potentially negotiate better terms on your behalf. They also have the skills to address and resolve any issues that may arise during the application process, such as credit problems or unique financial situations. Their problem-solving abilities can help you overcome obstacles and secure a favourable mortgage deal​​.

Using a mortgage advisor can significantly enhance your chances of finding and securing the best mortgage deal – tailored to your needs – while simplifying and streamlining the entire process.

So in summary, this is one of the very few things that I’m not really open to debate about – just use one. You’ll thank yourself.

Married2Property are a family-run property company that aims to create social good through property.

These articles are written by Darren de Wal based on his many years of experience as an active Property Investor since his first investment property in 2012 and 16 years getting to a senior leadership position as an Officer in the Royal Air Force. They are for the benefit of those with a general interest in Property, as well as those wishing to start out investing themselves.