Independent Financial Advisers

Truly Independent Financial Advisers, Investwise Group Can Help You With Any Or All Of The Following:

• Mortgage Advice on whether you should have a fixed, capped, tracker, stepped, Libor Linked or variable rate.
• Mortgage Advice on whether Offset Mortgages are suitable for you.
• Mortgage Advice on the best deal from the WHOLE mortgage market.
• Mortgage Advice on which lenders could lend you the most on your incomes.
• Mortgage Advice on what size deposit will get you the best mortgage deal.
• Mortgage Advice on whether you should have a repayment mortgage or try interest only.
• Advice on the correct associated Life Insurance, House Insurance, Mortgage Protection Plans.

What You Get From Our Mortgage Advice Service:

• Full written report on your recommended mortgage product and repayment method with copies of our research and reasons for our recommendations.
• We do all the shopping around through the 10,000+ mortgages, so you don’t have to visit endless banks and websites hoping to find a good deal.
• Assistance filling out any mortgage application forms and other paperwork.
• If Estate Agents are causing you issues and not taking your offers seriously, no problem, we routinely call agents on behalf of clients to confirm financial standing. This allows your offers to be taken seriously without you disclosing to the Estate Agent (who lets not forget is paid by the vendor/seller) just how high you can bid.

What Our Mortgage Advice Service Costs

£295 payable when you instruct us to research and report back to you on the most suitable mortgage for your circumstances. There is no charge for an initial consultation meeting and you only instruct us and pay the £295 if you wish to proceed and be provided with a written recommendation.

What About Commission?

We do not receive a commission for recommending one lender over another in our report, as our advice is based on the fixed £295 fee and not commission.

There is also no obligation for you to make a mortgage application though Investwise Group and in some cases to get the best terms, we may recommend you apply directly to the Mortgage Lender. 

For convenience many clients still wish us to make the application on their behalf, assist with completing all the forms, certifying identification and tracking the application through to completion. This is an additional administration service and separate from our advice. Many lenders will reimburse us for our time spent assisting you in your application, this does not alter the cost of your mortgage or our advice and is fully disclosed to you before you apply. Again we can provide this service on a fee basis with any payment received from the lender reinbursed to you.

Is Fee Based Mortgage Advice Value for Money?

There are 4 core risks when you do not get mortgage advice from an Independent fee based financial adviser.

• You may end up not getting the best rate. To give an example, on a £150,000 mortgage, even being on a rate 0.25% more expensive than the best you could have had, would cost you £375 more every year in mortgage interest, far in excess of our £295 one time fee!
• You may end up with an unsuitable mortgage product, which becomes expensive when rates change or restricts your plans in the future. In other words, when moving house or wishing to pay of some or all of the mortgage.
• You may end up applying to multiple lenders only to be declined or offered less than you need to buy your home.
• You may get sold a product that pays the “Mortgage Broker” the biggest commission, whilst they dazzle you with claims their mortgage advice is fee free, yet fail to tell you about any of the deals that don’t pay commission.

Don’t "Mortgage Brokers" Do The Same Job Without Charging A Fee

The simple answer is no, if there is no fee then the only way they can earn money is by making you use a lender who will pay them a procuration fee. By default this means you will only be recommended a product where the broker will be paid something by the lender and the same is true of price comparison websites. This rules out their recommending all of the Lenders Direct deals and potentially many other cheaper better deals.

If you have a small deposit this can be extremely detrimental, as currently about 85% of the best deals for those with a 10% deposit are Lender Direct Deals and do not pay "commission" to mortgage brokers.

"Your home may be repossessed if you do not keep up repayments on your mortgage."

£295 fixed fee offer not available on Commercial Mortgages of Equity Release for retired applicants. Investwise currently do not activly offer mortgages where clients have recent CCJ's, IVA, Mortgage Arrears or undischarged bankrupcy (Adverse Credit Mortgage Applications).