Mortgage Advisors come in many shapes and sizes. Some have areas they specialise in and some tend to look after general mortgage enquiries. Helen Ferneyhough Associates have a varied team of mortgage advisors in Wigan, with a number of specialist experiences that has helped clients find the right mortgage deal. 

Choosing the right mortgage advisor can make a big difference when it comes to finding a mortgage deal for your needs. With so many mortgage options available, expert advice can help you secure the right product and ensure you understand the costs and commitments involved.

If you’re looking for a mortgage advisor in Wigan, this guide will outline what to look for, key questions to ask, and how Helen Ferneyhough Associates can help.

Step 1: Understand the Role of a Mortgage Advisor

A mortgage advisor is a qualified professional who provides expert advice on mortgage products and lenders. Their role typically includes:

âś… Assessing your financial situation

âś… Recommending suitable mortgage products

âś… Explaining mortgage terms, rates, and repayment options

âś… Assisting with the mortgage application process

âś… Advising on protection products such as life insurance or income protection

Working with a professional mortgage advisor can help save you time and potentially save you money by helping you secure a competitive mortgage deal.

Step 2: Choose Between Different Types of Mortgage Advisors

There are three main types of mortgage advisors in the UK:

1. Tied Advisors: These work for a specific lender and can only recommend that lender’s products.

2. Multi-Tied Advisors: These offer mortgages from a limited panel of lenders.

3. Wider Market Advisors: These have access to a wider range of mortgage products across the market, giving you more options.

For maximum choice and impartial advice, a wider market mortgage advisor is often the most competitive option for looking into a variety of options available.

Helen Ferneyhough Associates offers wider market advice, ensuring you have access to a broad range of mortgage options tailored to your circumstances.

Step 3: Look for Local Expertise

Choosing a mortgage advisor with knowledge of the Wigan property market can offer benefits. Local experts are familiar with:

🔹 Average property prices in Wigan and its surrounding areas

🔹 Popular neighbourhoods for first-time buyers, families, and investors

🔹 Local lenders that may have competitive deals for Wigan residents

Our team at Helen Ferneyhough Associates combines mortgage expertise with local knowledge to support homebuyers in Wigan and surrounding areas.

Step 4: Check Qualifications and Accreditations

In the UK, mortgage advisors must be authorised and regulated by the Financial Conduct Authority (FCA). You can verify an advisor’s credentials on the FCA Register.

Advisors should also hold recognised industry qualifications such as:

🎓 CeMAP (Certificate in Mortgage Advice and Practice) – the industry-standard qualification for mortgage advisors

🎓 DipFA (Diploma for Financial Advisers) – a broader qualification that may also cover mortgages and financial planning

At Helen Ferneyhough Associates, our advisors are fully qualified and experienced to provide you with expert advice.

Step 5: Understand Their Fee Structure

Mortgage advisors may charge fees in different ways:

đź’· Fixed Fee: A set cost for their services

đź’· Percentage Fee: A charge based on the mortgage amount

đź’· Commission-Based: Some advisors receive a commission from lenders and may not charge clients directly

Before choosing an advisor, ensure they clearly explain their fees upfront. At Helen Ferneyhough Associates, we are transparent about costs and will outline our fees before you proceed.

Step 6: Ask the Right Questions

To find the best mortgage advisor for your needs, consider asking:

âť“ What experience do you have with Wigan homebuyers?

âť“ How will you find the best mortgage deal for me?

âť“ What support do you provide throughout the mortgage process?

âť“ Can you assist with insurance, protection, or other financial services?

A good mortgage advisor will offer clear, jargon-free answers and ensure you feel confident in their advice.

Step 7: Read Client Reviews and Testimonials

Client feedback can give you valuable insight into an advisor’s expertise and customer service. Look for reviews that highlight positive experiences, successful mortgage applications, and excellent communication.

Helen Ferneyhough Associates is proud to have a strong reputation for guiding clients through the mortgage process with expert advice and tailored support.

Step 8: Choose an Advisor Who Offers Ongoing Support

Securing a mortgage is just one step in your home-buying journey. A quality mortgage advisor will continue to offer support by:

✔️ Monitoring mortgage rates to help you switch to better deals when appropriate

✔️ Providing guidance if your circumstances change (e.g., self-employment, redundancy)

✔️ Advising on mortgage protection, ensuring you and your family are financially secure

At Helen Ferneyhough Associates, we build long-term relationships with our clients to provide ongoing mortgage and financial support.

Why Choose Helen Ferneyhough Associates for Mortgage Advice in Wigan?

Helen Ferneyhough Associates combines expert mortgage knowledge with personalised service. We offer:

âś… Mortgage advice to help you find the right deal

âś… Local expertise in the Wigan property market to support your home-buying journey

âś… Personalised guidance tailored to your financial situation

âś… Transparent fees with no hidden costs

Take the Next Step

If you’re searching for a mortgage advisor in Wigan, Helen Ferneyhough Associates is here to help. Our team will guide you through the mortgage process with expert advice and personal support.

đź“ž Contact us today to arrange a consultation and start your journey towards securing your ideal mortgage.

Important Notices

There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from ÂŁ195 to ÂŁ1500, and this will be discussed and agreed with you at the earliest opportunity.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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