Mortgage Brokers in South Wales
LUNA Financial Planning can introduce you to the most brilliant Mortgage Brokers in Cardiff, Swansea, Gloucester and across the UK.
What is a mortgage broker?
A mortgage broker specialises in finding lenders who will meet your needs for a mortgage. They do this by providing you with advice and recommending the mortgages most suitable for you. They will then manage the completion of your mortgage application.
Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and need to achieve specific qualifications to be a mortgage broker.
Why use a mortgage broker?
A mortgage broker will recommend mortgages that are most relevant to your requirements and they must be qualified to give mortgage advice to you. They will also be able to access mortgage deals not available directly to the public and will have an intimate knowledge of which lenders are most likely to accept your mortgage application. Mortgage brokers remove a lot of the paperwork and hassle of getting a mortgage and if you find at a later date that the advice you have received is not correct, you may be able to claim against them. You’re protected if the mortgage advice was incorrect. When you receive mortgage advice, your mortgage broker has a duty of care to you. They must recommend a suitable mortgage and be able to justify why the mortgage they have chosen is right for you. If their advice is not up to scratch, you can complain and be compensated.
Your home may be repossessed if you do not keep up with repayments. The Financial Conduct Authority do not regulate buy to let and commercial mortgages
Contact us for financial advice in Cardiff or personal financial planning.