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Why you can’t afford not to use a mortgage adviser

This article does not constitute advice. Professional advice should be taken prior to acting on any part of it. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

Dental and Medical Financial Services Limited is an appointed representative of Best Practice IFA Group Limited, which is authorised and regulated by the Financial Conduct Authority.

Purchasing a home is one of the most significant financial decisions you’ll ever make. With such a considerable investment at stake, it’s crucial to make the right choices. And when it comes to buying a house, those choices start the second you decide to begin your search. So, what’s the best way to ensure that you get an excellent mortgage deal without breaking the bank?

The key to securing the best mortgage deal is quite simple: it’s essential to partner with a professional mortgage adviser. Mortgage advisers are experts in their fields, possessing extensive knowledge and experience in the market. Plus, they have established strong relationships with lenders over the years, especially in a specialised sector like the medical industry.

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Top reasons to use a mortgage adviser

While it will always be important to work with a mortgage adviser when searching for properties, it is especially so in the current economic climate. With rising interest rates and current high inflation rate of 7.3%, getting a mortgage deal with monthly payments suited to your individual financial circumstances is essential. 

Here are just a few reasons why you should consider working with a mortgage adviser:

Personal and industry-specific advice

Medical professionals often have a unique set of circumstances that might perplex some lenders. Plus, with all the products and providers available on the market, it can be confusing and overwhelming trying to go it alone. This is when having an expert on your side becomes invaluable. 

An adviser who specialises in your industry will know exactly where to look and can recommend lenders and products based on your specific needs and goals. Additionally, they will be able to prepare you for extra requirements that lenders might want for non-traditional situations such as self-employed doctors. 

Not only that, but mortgage advisers have access to a vast network of lenders, including those who may not be accessible to the general public. This means you will have a more comprehensive range of mortgage products and terms to choose from, which will increase your chances of finding the best deal.

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Access to market knowledge and expertise

Not only will specialist mortgage advisers have knowledge of your particular sector, but they will of course have extensive knowledge of the mortgage market as a whole. Advisers stay up to date on the latest trends, interest rates, and lender policies. This market expertise allows them to analyse your current financial situation, history, and unique needs to recommend the best mortgage options available to you.

Save time and money

As a busy medical professional, it’s highly likely you don’t have the capacity to take on the time-consuming process of applying for a mortgage. A mortgage adviser takes on this task for you. They can easily compare all the lenders and products you are eligible for and suggest the best fit for your situation. Not to mention, having an expert negotiator in your corner means you’ll be in a better position to secure the best deal. Don’t waste your time getting into the minutiae of the mortgage application process, leverage the knowledge, experience, and relationships with lenders that mortgage advisers have so you can rest assured you’re getting the most favourable terms and prices for your mortgage.

Contact the experts now

If you’re considering a new mortgage in the near future, for the best outcome, be sure to seek the professional assistance of a mortgage adviser. Working with a mortgage adviser will ensure you make the right decision, leaving you with peace of mind throughout the process. Instead of worrying about getting it right, you can focus on the excitement of owning your own home. To learn about all the options available to you, get in touch with the experts at Dental & Medical Financial Services today.

What medical school didn’t teach us about money

“What medical school didn’t teach us about money” will give doctors a step by step plan to transforming your financial future. Enter your details to download your copy now

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