How We Can Help
What are the advantages of using a mortgage adviser?
The role of an impartial adviser is to find the best deal possible for
you and your circumstances by looking at a comprehensive range of providers rather than just the one lender you are visiting.
An impartial adviser will not be affiliated with any lenders and is therefore in a strong position to find you the best mortgage available.
Tied advisers may offer a smaller selection of products than impartial advisers, because they will be linked to one, or a few lenders. This may mean, however, that they are able to offer lower interest rates or better incentives because of this affiliation. Whether tied or impartial, brokers are often able to offer better interest rates than are available by going directly to the lender.
What does a mortgage adviser do?
As a mortgage adviser, we act as an intermediary on behalf of clients and businesses dealing with the regulatory processes that you are
required to meet to get a home mortgage these days.
Lenders have increasingly tightened up mortgage criteria since the financial collapse of 2007. Those days of
lending are long gone and the landscape is still constantly changing. We understand the lenders requirements and
take all that stress away from our clients ensuring a smooth process to getting a mortgage offer.
When discussing the loan requirements, for your particular mortgage, we establish the back-up plan, what happens in case of any eventualities.
By considering insurance you can make sure your family is not burdened with unaffordable outgoings.
We act as a go-between between you, the lender, the solicitor and the surveyors. We make certain that you
understand what is involved in a mortage, and what is required to get you through to a successful outcome whether that is moving in to a new home,
remortgaging or just raising some extra funds via lending.
On average each mortgage case will take over 10 hours of chasing, faxing and updating. You have to ask yourself, if you work full time or have a busy lifestyle, do you really have this time to spare?.
Mortgage criteria has tightened massively over the past few years.
We can exert influence and chase things in a way you may not be able to yourself.
How much does a mortgage adviser charge?
For mortgages we are paid a fee, usually £249 including VAT and we also accept commission from the lender.
Worthington Finance Ltd is an appointed representative of Sesame Ltd which is authorised and regulated by the Financial Conduct Authority. The FCA does not regulate solicitors and surveyors.
Sesame is entered on the FCA register under reference 150427. You can look us up on the FCA web site. On clicking the below link you will leave the regulated site of Worthington Finance Ltd. Neither Worthington Finance Ltd, nor Sesame Ltd, is responsible for the accuracy of the information contained within the linked site: FCA
The FCA does not regulate some forms of buy to let mortgages.
What will I need to bring to our first meeting?
At our first meeting, we simply go through the scenarios. We don’t require anything other than the knowledge you have about your credit history and financial situation. Once we move onto submission and application, we require the following:
Passport or driving license
Proof of address
Latest 3 months payslips
Latest 3 months bank statements
Marriage certificate (if necessary)
If self-employed - last 2 years SA302’s and Tax Year Overviews from the Inland Revenue
Proof of deposit (if necessary)
Information we hold about you.
In order to advise you correctly, Worthington Finance Ltd must obtain certain information from you about your financial and personal circumstances.
By providing us with your personal data:
- You agree that the information we hold about you can be held on computer and/or paper files.
- You agree that any information which you give us, including sensitive personal data such as health and medical records, may be disclosed to appropriate third parties for the purpose of processing your application and for the ongoing administration of your investment or policy but for no other purpose.
EMail and your privacy
Please keep in mind that the privacy of email cannot be guaranteed so please ensure you use an alternative method to carry confidential information.