Mortgage Advisers in Swindon

Like any town, in Swindon you have a choice of people who can help you buy your Home.

Independent Financial Advisers (IFA): Whole of Market advice on mortgages & insurance, think of them as Mortgage Advisers offering a greater range of services.

Estate Agents: Typically a panel of 10-15 lenders. Not whole of Market Insurance, tied to one company. Sold to you by a youth with gelled hair & a large knot in his tie.

Mortgage Broker: Check if independent, whole of market. Offers insurance from one insurer or limited range

Banks/Building Society: only offer their own limited range of products for mortgages and insurance.

Hope the differences betweeen various kinds of mortgage advisers is clearer.

Financial Advisers in Swindon II

Before setting up in business 2 years ago, I decided to do some market research and look at the quality of financial advice available on the High Street in Swindon.

I looked at 2 of the biggest financial institutions: Halifax & Nationwide.

In the Halifax, the adviser wasn't expecting me. He advised me to have a look at Halifax's Unit Trusts & Life funds on their website and to choose the funds myself!

In the Nationwide, I quizzed the adviser and was told he much preferred doing mortgages. He added his own money was invested in a Tracker fund which had lost significant amounts of money!

Conclusion on the Financial Advice at the Halifax & Nationwide in Swindon: Steer clear.

Financial Advice: first question to ask...

Do you offer products from across the market?

ie are you independent or are you trying to sell me products from one firm?

Bans typically offer their own products only and some firms are "multi-tied". This means they offer from a restricted range of products & services.

Independent Financial Advisers use the IFA logo

Related: Award Winning Current Account, Banks are Coy About