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Tanhouse Lane, Widnes, WA8

Tanhouse Lane, Widnes, WA8
£20,000,000

Bickershaw Lane, Wigan, WN2 5PL

Bickershaw Lane, Wigan, WN2 5PL
£3,000,000 (Offers in Excess of)

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Mortgage Advisor


City Residential Mortgage Advisors

We have a mortgage advisor team that gets very excited by property. In fact, they can't help but think of clever ways to make getting your hands on the best mortgage, even easier. Here are some general tips you could consider when looking for a mortgage and talking to your mortgage advisor:

Don't be tempted to accept the first mortgage you find

Any mortgage advisor will tell you that, as with most big financial commitments, it is best to shop around. You will find that there are big differences in the deals you can get so you would be best advised by your mortgage advisor to consider all the options to make sure that you don't end up making a mistake which could cost you many thousands of pounds. Make comparisons over a number of mortgage suppliers and seek the advice of a mortgage advisor.

A mortgage advisor can help you shop around for your mortgage

If you get information from a mortgage advisor they will tell you that there's a lot of competition between the mortgage providers.

There are often cheap-looking options such as supermarkets who try to make attractive offers to lure in customers. Mortgage advisors would tell you to take care with these seemingly "great value" offers. They are counting on you not bothering to check how the mortgage measures up in the future and therefore will stay with them for the long term. This is how they make their money.

Low sounding initial interest rates are not always the best option

Mortgage advisors would tell you to take care if you feel tempted towards a supplier with low sounding initial interest rates. These suppliers are using what is often referred to as the headline rate. A mortgage advisor can advise you about the fact that, the reason that you should take care, is that these low rates usually have strings attached. They will usually say that you have to be "tied in" to the deal for longer than you might realise.

It would be best to seek help from a mortgage advisor so that you can establish exactly what will happen at the end of this low interest period. They will help you to establish if you will have to stay with the same mortgage lender in the long term even if they then start to offer you a rate which is no longer reasonable and say that you can only get out of it by paying a large penalty in order to leave the contract. A mortgage advisor can give you better advice about how much a load will cost in terms of APR.

A mortgage advisor will advise you to look out for penalties

Any mortgage advisor who really knows what they are talking about will advise you about agreements that you make with lenders. The agreement you make with a supplier will cover you for a certain period in terms of the level of repayment you have to make.

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