The benefits of using a mortgage adviser (spoiler alert: there are many)

The benefits of using a mortgage adviser (spoiler alert: there are many)

Taking out a mortgage is one of the biggest financial decisions most people will make. So it’s no wonder why sleepless nights can occur when trying to buy your first home or remortgage

Stress and anxiety is rife

According to the latest stats, around two thirds of people who have applied for a mortgage in the past 365 days have suffered stress and anxiety due to the process. While the same survey, conducted by Market Financial Solutions, states that this number rises to around 80% for first-time buyers. 

“I know that navigating the mortgage market can be a major point of stress for many people,” Mortgage Confidence’s mortgage adviser Jo Jingree says. “And with an ongoing cost of living crisis, tough lending criteria and sizable deposit requirements, in 2023 this stress and anxiety has been heightened,” Jo adds. 

This is something Jo has seen first hand. 

Jo recently spoke to a client whose mortgage rate was ending in a month’s time and she was feeling lost as to which way to turn. “Her rate was ending and she was feeling really anxious about not having done anything to solve this problem,” Jo said. “She had always gone directly to her bank to get a mortgage. However, with the current market conditions, she wanted the support of an adviser. After speaking with her, she told me that she was already feeling so much better for just talking things through,” Jo says. “I guess it’s a case of a problem shared, is a problem halved.”


So, how can mortgage advisers help? 


1. Mortgage advisers offer a supportive hand

Adult life can be stressful. It can pull you from one direction to the next. But rather than burying your head in the sand or worrying about sorting your mortgage out by yourself, mortgage advisers can take a weight off your shoulders and guide you through the process — saving you time, bundles of paperwork and stress. 

“This can be very beneficial both from a mental health perspective and a financial perspective,” Jo says. Mortgage advisers can also help explain the financial jargon that’s fluent to them. 

Jo adds: “Having a mortgage adviser to help find you a solution to all your mortgage woes means you can sit back and relax, knowing that your mortgage is in safe hands.”


2. Mortgage advisers help you explore all options 

No matter whether you’re a first time buyer, you’re remortgaging, moving home, you’re credit impaired, you’re self-employed or you’re considering a government scheme, mortgage advisers are able to assess all your options. 

“Right from the start, I get to know my clients so I can help them figure out the most suitable mortgage deal for them and their personal circumstances,” Jo says. “I give them different scenarios, whether that’s exploring a shorter term, longer term and I can show them what a 2-year fixed-rate deal would cost them each month compared to a 5-year fix. That way, when they come out of the process they feel really informed.”

Jo likes to work collaboratively with her clients understanding their needs, preferences and plans and bringing her expertise. “It’s a meeting of the two,” Jo says. “We can then come up with a solution garnered from their feedback.”


3. Mortgage advisers have access to a comprehensive range of mortgages

You might bank with a certain lender. Or have always taken out your mortgage with a certain bank. But mortgage advisers work closely with a whole host of lenders and have access to mortgage deals which might not otherwise be available on the high street. 


4. With a Mortgage Adviser you’ll have an expert at your fingertips

In the UK, all mortgage advisers need to be certified. And any firms offering mortgage advice must be regulated and authorised by the Financial Conduct Authority (FCA). 

This means that mortgage advisers are subject to a number of rules and regulations which ensure they provide their mortgage clients with quality advice. 

Paired with their day-to-day experience in the field, and years worth of training, and you’ve got yourself a mortgage expert just a phone call (or email) away. 


5. Mortgage Advisers can also help with buildings and contents insurance 

Did you know that Buildings Insurance is compulsory when you take out a mortgage? It covers the cost of repairing damage to the structure and permanent fixtures and fittings of your home. 

While Contents Insurance, is designed to protect your possessions should you ever fall victim to theft, fire or flood damage. 

These are just two types of insurance that most impartial mortgage advisers can help with to ensure you get the right level of cover within your budget, making your life (and your seemingly never-ending pile of admin) a whole lot easier. 

“At Mortgage Confidence, we provide our Building Insurance policies through PaymentShield,” Jo explains. “This is one of the UK’s leading insurance administrators and distributors. Plus, any insurance you buy will be 5-star defaqto-rated. This means it’s the most appropriate product available for you and your circumstances,” she adds. 


Are mortgage advisers worth it?

We might be biased. But we’d say a resounding ‘yes’, mortgage advisers are worth their weight in gold. But don’t just take our word for it. 

According to the same survey we mentioned previously, of all 2000 people surveyed 69% said that brokers were ‘essential’ for navigating the current mortgage market. 

Plus, one of Jo’s recent clients told us: “Jo’s advice and guidance was invaluable. Like many, I was hesitant about paying for mortgage advice, when it’s possible to go it alone. 

“But the expertise Jo demonstrated repeatedly through our engagement left me in no doubt about the value of her services. From thorough consideration of our financial circumstances, to expert knowledge of the market to guidance through the buying process, we felt continually reassured by her input. We secured the mortgage we needed and are now happily settled in the home we bought.”


Explore your options 

If you’d like to talk through your options please don’t hesitate to reach out to Jo. Multi-award-winning mortgage adviser Jo has more than 20 years’ experience in the industry and offers a 30-minute no-obligation phone call. 

So if you’ve decided 2023 is the year you want to scope out the property market, do get in touch.


There may be a fee for mortgage advice. The precise amount will depend upon your circumstances, but we estimate it will be £399. Your home may be repossessed if you do not keep up repayments on your mortgage.

Please be aware that by clicking on to the above links you are leaving Mortgage Confidence Ltd website. Please note that Mortgage Confidence Ltd nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page.