Working out which is the best mortgage.

MMR rule changes which come into play from 26 April, mean that for most would-be buyers it will be necessary to take mortgage advice before applying for a deal.

The majority of applicants will be required to proceed on an 'advised only' basis, with only 'high net worth' mortgage customers and 'professional' mortgage customers being able to proceed on an 'execution only' basis.

As all mortgage sellers will have to hold relevant mortgage qualifications, the advice you receive will be specifically tailored to your needs and what you can afford. You will need to fully declare all of your financial circumstances, what you have coming in and what you have going out each month.

When contacting a broker to find you a mortgage and offer advice, we recommend you contact a 'whole of market' broker, one offering independent and impartial advice.

Getting the right advice.

It is important to point out that mortgage lenders will continue to base their advice on their own range of products, so even if there is a better deal out there you will not find out about it. It therefore makes sense to contact a mortgage broker.

Mortgage brokers come into two categories – the ones who deal with a limited number of lenders and the ones who are 'whole of market'.

With those brokers dealing with a limited number of lenders you will only be offered deals from a few product ranges which limits the choice you will be offered.

A broker dealing with the entire market can get a quote from ALL lenders and not just a few, your choice is therefore much wider and you are less likely to miss out on that 'perfect' mortgage deal.

The first question you should therefore be asking is - Are you whole of market?

By choosing an independent 'whole of market' broker, and speaking to a qualified impartial adviser you are best placed to get the right mortgage at the rate.

For an independent review of ALL lenders mortgages you are advised to speak to us at Deal Direct.

We work solely in your interest, offering advice tailored to your needs to ensure you end up with the very best mortgage possible.

Contact us today on 0800 048 8828,

we can find you the best mortgage for your needs.