Finding A Financial Adviser

[johnjbloomfi]

How do you find a finacial / Mortgage adviser and how much would you expect to pay for a mortgage to be arranged?

[Oneeyedvic]

Yellow pages / thomson directories under motgage brokers. Costs depends on where you live - in Lowestoft (where I work and we have a mortgage broker) it will cost you nothing - the lender will pay him around �250.00 In London it can cost �500 (on top of the money given by the lender) Try to go to someone not tied and who uses a program like Mortgage 2000 which searches pretty much all lenders.

[OBonio]

Independant Financial Advisers get their money by kick backs on selling a product. They don't cost you anything. And they can't be seen to recommend bad products either. Mortgage setup costs are set by the lender and vary considerably. Our latest one is �350 to go onto a 2 year fixed rate with Nationwide. Some lenders will happily bolt the setup fee onto the end of the mortgage so your initial outlay would be nothing.