Here at Glow we have helped many First Time Buyers with great tech and independent mortgage advice searching over 20,000 mortgages to find you the best deal.
If you are a First Time Buyer your first thought is to visit your bank for a mortgage. According to recent research, one in seven people thought their bank or building society would be able to give them access to the same impartial advice as a mortgage broker (Source: FT Adviser).
Only independent and whole of market mortgage advisers can give impartial First Time Buyer mortgage advice.
What do I need to check as a First Time Buyer?
Three things you need to check when you start looking for your First Time Buyer mortgage:
1. Check that your mortgage advisor is ‘Whole of Market’. This means that they can advise you on mortgages from the whole of market and not a single lender or select panel of lenders.
2. Ensure that your mortgage advisor is independent. If a mortgage advisor is connected to an estate agent or finance group they may not be independent. Independent advisors will work to get you the best deal and are free from any mutual business relationships.
3. Confirm that you won’t be charged a broker fee, application fee or any other fees to submit your First Time Buyer mortgage application. Independent mortgage advisors/brokers should receive a commission from the lender when your mortgage completes.
Where does Glow come in?
Fortunately, we meet all of the above criteria
We also make it easier to get instant online advice with our secure First Time Buyer mortgage live chat. Our intelligent live chat button is always available in the corner of your screen and we try and keep our mortgage talk as informal as possible for you without all the jargon.
We keep a record of all conversations and you can securely upload documents to us when you want to proceed.
➡ Get Started and answer a few quick questions to be put through to one of our mortgage advisors.
How can I check that you are authorised to provide mortgage advice?
Good question. You can check with the Financial Conduct Authority (FCA).
We are listed on their register here: www.fca.org.uk