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Here Are The Top 10 Independent Mortgage Advisers in Durham.
| AT HOME MORTGAGES LTD | Salvus House, Durham, DH1 5TS | 0191 418 7409 | info@athomemortgages.co.uk | http://www.athomemortgages.co.uk/ |
| Sg Mortgages | 118 Houghton road, Hetton le Hole, Sunderland, Durham, DH5 9PL | 07720259117 | 01916821481 | sonny@sgmortgages.com | https://sgmortgages.co.uk/ |
| D Westwood Ltd | 15 Clifford Road, Stanley, Durham, DH9 0AB | 01207 290300 | info@dwestwood.co.uk | http://www.dwestwood.co.uk/ |
| Advanced Financial Planning | 23 Medomsley Road, Consett, Co Durham, DH8 5HE | 01207 581 241 | info@advancedplanning.co.uk | https://advancedplanning.co.uk/ |
| Will Assist Mortgages | Unit 9, City West Business Park, St Johns Rd, Durham, DH7 8ER | 0800 270 7074 | 0191 580 0566 | N/A | https://www.willassistmortgages.co.uk/ |
| Durhammoneyman | Portland House, Belmont Business Park, Durham, DH1 1TW | 0191 303 9786 | enquiries@ukmoneyman.com | https://durhammoneyman.com/ |
How to choose the right mortgage advisers in Durham for your needs
When choosing the right mortgage adviser for your needs, here are some key factors to consider:
Look for whole-of-market mortgage advisers in Durham.
One of the most important things is to find a mortgage adviser that has access to the entire mortgage market, not just a limited panel of lenders. A whole-of-market adviser can compare products from all available lenders to find the best deal tailored to your specific circumstances.
Ask about direct-only deals
Some mortgage products are only available if you apply directly with the lender, not through an adviser. A good adviser should inform you about any direct-only deals that could potentially be cheaper for you, even though they can’t arrange those mortgages themselves.
Consider the type of adviser
You have the choice between traditional mortgage brokers who provide face-to-face or phone advice, and online/digital mortgage advisers in Durham that operate through websites and apps. Evaluate which approach suits your preferences and needs.
Check their qualifications and regulation
Make sure the mortgage advisers in Durham are qualified, regulated by the Financial Conduct Authority (FCA), and follows industry standards. This ensures you receive professional, unbiased advice. Advisers who are members of bodies like the Association of Mortgage Intermediaries (AMI) are a good sign.
Understand their fees and commissions
Mortgage advisers in Durham may charge fees (flat rate, percentage-based, or hourly) or receive commissions from lenders, or both. Get full transparency on their fee structure and how they are compensated before engaging them.
Assess their expertise and customer service
Look for mortgage advisers in Durham with expertise in your specific situation, such as first-time buyers, self-employed, or complex financial circumstances. Read reviews, get recommendations, and ensure they can provide the level of guidance and support you need throughout the process.
By considering factors like whole-of-market access, qualifications, fees, expertise, and customer service, you can increase your chances of finding the right mortgage adviser to secure the best mortgage deal for your unique needs
What questions should you ask mortgage advisers in Durham before hiring them?
When considering hiring mortgage advisers in Durham, it’s important to ask the right questions to ensure you find a qualified and reputable professional who can provide the best guidance and options for your specific circumstances. Here are some key questions you should ask a mortgage adviser before hiring them:
1. Are you authorized and regulated by the Financial Conduct Authority (FCA)?
Ensure the advisers in Durham are properly authorised and regulated by the FCA to provide mortgage advice. You can verify their status on the FCA register.
2. Are you a whole-of-market adviser?
Ask if the advisers in Durham have access to mortgage products from all lenders across the entire market, not just a limited panel. Whole-of-market access gives you the best chance of finding the most suitable deal.
3. How much do you charge, and how are you compensated?
Understand the adviser’s fee structure upfront, whether it’s a flat fee, percentage-based, or hourly rate. Also, ask if they receive commission from lenders and how this could potentially influence their recommendations.
4. What qualifications and experience do you have?
Inquire about the adviser’s qualifications, years of experience, and areas of expertise (e.g., first-time buyers, self-employed, complex cases).
5. Can you explain the different mortgage types and options?
Good mortgage advisers in Durham should be able to clearly explain the various mortgage products, interest rate types, and loan terms to help you make an informed decision.
6. How much can I borrow, and what deposit will I need?
The adviser should assess your financial situation, income, and credit profile to provide an estimate of how much you can borrow and the required deposit amount.
7. What is your process and level of support?
Ask about the adviser’s process, from initial consultation to application and completion, and the level of support and communication you can expect throughout.
8. Do you have professional indemnity insurance?
Ensure the mortgage advisers in Durham have professional indemnity insurance in case you need to make a claim for negligent advice.
9. Can you provide references or reviews?
Request references or read reviews from previous clients to gauge the adviser’s reputation and customer satisfaction levels.
By asking these questions, you can better evaluate a mortgage adviser’s qualifications, expertise, transparency, and ability to find the most suitable mortgage product for your needs.
The Durham Mortgage Advisers Listed Above Cover The Following Durham Postcodes.
| DH1 | DURHAM | Durham | County Durham |
|---|---|---|---|
| DH2 | CHESTER LE STREET | Chester-le-Street (west of East Coast Main Line), Ouston, Pelton, Birtley (west of East Coast Main Line) | County Durham, Gateshead |
| DH3 | CHESTER LE STREET | Chester-le-Street (east of East Coast Main Line), Great Lumley, Birtley (east of East Coast Main Line) | County Durham, Gateshead |
Some Durham Info.
Location within County Durham | |
| Area | 14.8 km2 (5.7 sq mi) [1] |
|---|---|
| Population | 50,510 (2021 census)[2] |
| • Density | 3,413/km2 (8,840/sq mi) |
| Founded | AD 995 |
| Civil parish established | 1 April 2018 |
Durham Mortgage Advisers
