Application To Completion: Navigating The Mortgage Journey With Expert Advisors
Embarking on a mortgage application is a significant step, especially later in life. With our ‘Advisor Match‘ service, you have access to a network of skilled advisors who are ready to guide you through each phase of this process.
A Six Stage Process that we will guide you through one stage at a time at your own speed.
- Research
- Finding an Advisor
- Assessment of your current financial situation
- Choosing the right lending type and deal for you
- Application and approval
- Completion and ongoing support
Remember, if borrowing money is not the right option for you, or if now is not the right time, the best Advisors will explain this to you.
Part of their process should always be to explore all options available to you before advisong you to go into debt.
Step 1:
Completing Your Research
This is probably the most important part of your journey. If you have a basic knowledge of your Later Life Lending options, you can consolidate this knowledge using our resources.
You may prefer Videos, Audio, Reading materials, Quizzes, or to speak with an Advisor. All are available.
If you have more advanced knowledge, we have further information for you on the site to develop this.
By opening a Free Account, you can store and share your learning with family and your Advisor.
Step 2:
Finding Your Perfect Advisor
The journey begins with our ‘Advisor Match’ service. Here, we connect you with an Advisor who best fits your needs and circumstances.
This may be based on their Experience, Qualifications, Previous Client Reviews or even Geographical location.
The Advisors who are members of Advice Guru are all experts in Later Life Lending, and they will be your personal guide throughout this journey.
Step 3:
Assessing Your Financial Situation
Your Advisor will start by evaluating your financial situation. This includes understanding your income, debts, and what you can realistically afford in terms of a mortgage and the potential monthly payments.
They will help you comprehend the different options available and what they mean for your financial future.
This may seem strange to start with, however, only by knowing your income and outgoings will your Advisor be able to calculate affordability and establish which of the many borrowing options are most suited to your individual circumstances.
Step 5:
Application And Approval
Your Advisor will assist you in gathering necessary documents and completing the mortgage application.
The legal process is a vital factor in ensuring the borrowing process is as smooth and efficient as possible.
As all our Advisors have been working with the best legal firms for so long, we have learned which will be best suited to your needs.
Step 4:
Choosing the Right Mortgage
With a clear understanding of your finances, your Advisor will help you explore various mortgage products.
They will explain the pros and cons of each option and give you their advice based on all your circumstances.
This will ensure you make an informed decision that aligns with your goals.
Remember that sometimes, doing nothing, or not borrowing money is the right option for you.
Step 6:
Completion and Ongoing Support
Even after your mortgage is finalised, your Advisor remains available for any further assistance or advice you may need.
Their ongoing support ensures you remain confident and in control of your financial situation throughout the duration of your mortgage.
They will ensure that if other needs have been identified for you such as: Wills, Power of Attorney, Care Needs and Home Insurance, you will be introduced to a leading expert for further support and advice.