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Speaking To A Mortgage Advisor: Your Guide

May 27, 2022
what to ask a mortgage advisor
When you’re looking to find a new home, you’ll almost certainly be looking to find the right mortgage too. While you can do this yourself, some people choose to use a Mortgage Adviser to help with the search and application process

What is a Mortgage Adviser?

• They’ll look at your monthly incomings and outgoings and assess what you can afford
• They can help you choose the best mortgage product based on your individual financial circumstances
• They can then assist you with securing a mortgage


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Mortgage broker vs adviser

You may also come across the term ‘Mortgage Brokers’. The difference between Mortgage Brokers and Advisers is minimal. They essentially both guide you through the mortgage process from start to finish – you may just find that they are called one or the other at different companies you contact.


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Here are our top Mortgage Adviser questions:


  1. Do you advise on mortgages from across the market?

    An Adviser who has access to lenders from across the market will be able to advise you on all your options. Some Advisers are tied into advising on mortgages from specific lenders. This will narrow your search and could mean you may not be getting the full picture or the best advice for your circumstances.
  2. What are your qualifications?

    Your Adviser must have qualifications from the Financial Conduct Authority. Look out for the Certificate in Mortgage Advice & Practice (CeMap).
  3. Why is this the best solution for me?

    As well as understanding whether your Adviser is qualified to advise you, you’ll also want to make sure that any solutions they detail are the best for your circumstances. If anything is recommended, don’t be afraid to question it and only proceed if you’re completely happy with their explanation.
  4. How much is the mortgage going to cost me?

    New home Mortgage Advisers receive a fee from the lender they place your mortgage with. This has no impact on what you pay for a mortgage. Some advisers may charge a fee for their service, while others offer fee free advice.

When sorting your mortgage, you should find out exactly what you’ll need to pay and when. This includes upfront costs like your deposit, stamp duty, valuation and legal fees. You’ll need to recognise your ongoing payments too, including your monthly mortgage payments.



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A lot goes into buying a home, and a Mortgage Adviser can help make the process go as smoothly as possible – but if you’d like further guidance, take a look at our home buying guide.

This guide to mortgages was produced in collaboration with L&C Mortgages, the UK’s largest fee free mortgage broker and adviser.

Mortgage service provided by London & Country Mortgages Ltd (L&C). Beazer House, Lower Bristol Road, Bath, BA2 3BA. Their FCA number is 143002. L&C are authorised and regulated by the FCA. Their FCA number is 143002.

Your home or property may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.