Choosing the right mortgage
Mortgages can be confusing, since there seem to be so many different types of home loans available. However, with a little homework, it is possible to gain a sound working knowledge of the subject and an understanding of the terminology.
When arranging your mortgage, there’s more than one reason to head for a BHP Financial independent financial adviser.
Your mortgage is likely to be your single largest financial commitment, so it pays to explore all your options, from product type to repayment method. We will act on your behalf, without bias toward one mortgage provider or another. We have access to the whole product market, covering all of the latest mortgage deals, as well as exclusive offers that you can’t get from bank or building society branches.
In addition, we will be able to highlight and explain any potential pitfalls, like early redemption penalties and tied-in insurances, that can often take the gloss off mortgages that have attractive headline interest rates.
These might include life insurance or other forms of financial protection to cover your mortgage should you suffer a long-term illness or injury and be unable to keep up your mortgage repayments. You may choose to have an 'interest only' mortgage in which case it is important that you have the most appropriate savings vehicles to repay the loan. This may be a combination of investments, Individual Savings Accounts or even pensions. There are over 30,000 financial products available and the costs, terms and conditions vary. Only an independent financial adviser can give you unbiased advice across the whole financial products and mortgage marketplace.
We will consider your overall circumstances, to ensure your mortgage works as cost-effectively as possible alongside your other financial arrangements. So in the long run seeing an adviser at BHP Financial could save you a pretty penny.
