Kew Mortgage Consultant

If you were thinking about utilising the services of a local mortgage consultant in Kew for some expert mortgage advice, are you sure that that is the right solution for you in this day and age?

Going back six or seven years your local Kew independent mortgage consultant would be able to consistently find you some of the best deals available from leading High Street Building Society’s as well as cutting edge deals from the top Banks in the UK.

But times have changed in Kew and the rest of the UK mortgage market.

Having a mortgage just 0.25% lower can save you thousands of pounds over the 25 year life of a mortgage, even more if you take out a 30 year mortgage loan.

Many of the High Street Banks and Building Societies have tried to cut out your local mortgage consultant in Kew as well as the rest of the UK housing market.

They have done this by only making their best loan deals available direct to the end customer in branch and not through a local Kew independent mortgage consultant.

Basically, this means that the vast majority of mortgage consultants may not be able to offer you the very best mortgage deal any longer. This is simply because many Banks and Building Societies will not make their best offers available through the majority of mortgage broking companies.

It is believed by many that financial institutions started to take this action in order to kerb the ever increasing levels of commissions that independent mortgage advice companies and individuals were receiving for each and every house loan that was completed through them. It is likely that the mortgage advisor was receiving payments between £2000 and the first 12 monthly repayment totals of the arranged load.

It is fairly clear to see why these levels of commissions had to be regulated by lenders; it was a practice that was getting out of control.

One has to ask one’s self if the mortgage advice received from a company who is making that much of a kickback is really acting in one’s best interest, or could that mortgage advice have been given in the favour of the local Kew mortgage consultants profit margin.

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