A mortgage adviser isn’t just another path to a home loan.

Forming a good relationship with a great mortgage adviser can make a big difference over the course of your financial life – offering you an expert guide to turn to any time you need lending help.

Here are some of the key ways that a SHARE or Newpark Home Loans mortgage adviser works through the house-buying experience, and beyond.

What is a mortgage adviser anyway?

A mortgage adviser is a professional who is not aligned with any particular lender, and who can offer advice to people who are looking to take out a new home loan or restructure their existing one.

They are usually paid by commission from the lender and the service to the client is usually free, although there are occasions when a mortgage adviser may charge a fee for their advice and service, rather than take a commission. They will tell you this before they provide the advice or service.

For many buyers, a mortgage adviser is an invaluable source of expert help. Most people only buy a house a few times in their lives, but mortgage advisers are helping people do it all the time.

Experience and expert knowledge

Before you even begin looking for a house, a mortgage adviser should be able to help you to understand what your options might be.

They’ll have in-depth knowledge of the mortgage market and will be able to tell you what you’ll need to do to complete your application to lenders. They should be able to advise on things like which lenders might be an appropriate fit for the borrowing you need, and the terms you might consider. They are also likely to be able to give you an idea of the likely level of borrowing you could be approved for, although loan approval criteria are up to the lender and their policies.

They will also have a good understanding of the current interest rate environment and the loan options available to you.

Personalised recommendations

Your SHARE or Newpark Home Loans adviser will get to know you and your circumstances so they can provide recommendations based on your needs. That might include creating space for future plans such as the possibility of growing your family, or structuring your loan to help you towards goals that you are striving for.

A helping hand

Sometimes you don’t know what you don’t know – until you really need to know it! A mortgage adviser will help smooth out the application process by ensuring that you have everything you need in order and that you are fully prepared.

By ironing out any potential bumps before the application goes in, your adviser may be able to help you get into your new home sooner.

The adviser can be on hand at every part of the journey to answer questions during the process – this can be very helpful, particularly if none of your friends or family have bought a house recently!

Advisers may also be able to negotiate better interest rates or loan conditions on behalf of their clients, too.

After settlement

Advisers’ help doesn’t stop when you take possession of your new home. They can answer questions about refixing when it is time, refinancing – if that’s appropriate, managing your payments or using your home equity for other purposes in future. Your relationship with your mortgage adviser should ideally be a long-standing one.

Ready to get going?

If it’s time you had a mortgage adviser on your team, drop us a line today. At SHARE and Newpark Homes Loans, we are mortgage experts who can help you with every stage of the process, and work with you to ensure your lending remains appropriate for your needs as your life evolves and circumstances change

Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current developments or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.