Should I Use an Independent Financial Adviser

In recent years, Independent Financial Advisors (IFAs) have been used by lots of people instead of mortgage brokers. The primary reason for this is that there is a crossover between the services they offer.

Click here to find out more and home loans usually receive their qualifications from exactly the same few training institutions. When a person receives their qualification in one of these fields they just need to complete a reduced amount of exams to receive another qualification.

This is one indication that mortgage advisors and IFAs undertake similar activities.

Because mortgage repayment costs account for the biggest expense in a standard household, having the right product sometimes appears as a required element to prudent financial planning.


It is for this reason, more than anything else, that people have already been embracing their financial advisor to source the proper mortgage deal because of their needs. Many IFAs will have completed the qualifications and training necessary to become a mortgage broker and will be in a position to assist their clients in obtaining a home loan easily.

Mortgages are also interlinked with insurance. Interest only products will usually require some type of insurance to cover the function of the mortgagor being unable to meet their obligations due to accident, sickness, or unemployment.

IFAs have an in-depth knowledge of the insurance market and may therefore offer advice such matters whenever a client applies for a mortgage with them. Many home loans also offer insurance products with their clients being an additional service.

Even if your IFA does not provide a mortgage broking service, it is likely that they will be able to refer you to somebody who they regularly put their clients' business through.

However they frequently do offer both services if you already have an IFA and so are looking for mortgage advice, it may not be essential to seek out the services of a separate mortgage broker.