Do you need an IFA when buying a new home?

by Administrator 29. October 2013 10:10


If you're looking to buy a new home, you will need to arrange a mortgage and navigate the complicated world of home finance in order to obtain a loan.

Many people choose to organise their mortgage alone, which can mean many hours of research, extensive budgeting, lots of conversations with lenders, and reams of complicated paperwork to digest. This can be a frustrating process, and add a lot of stress to the home buying process.

Fortunately, when buying a new home you can choose to talk to an Independent Financial Advisor (IFA). Here are some of the key ways that an IFA can help you buy your new home.

Information Overload

With a myriad of available products and an endless supply of information on mortgage types, interest rates, and terms and conditions; arranging a mortgage can feel like information overload. In order to get the right mortgage for your circumstances, it's important to understand which products are available, and - most importantly - which ones suit your circumstances.

An IFA can help you to filter out the noise and better understand the key information, so that you can make a truly informed decision about your home finance.

A helping hand

An IFA has the knowledge and expertise to guide you through the whole home finance process from start to finish. Under the Financial Services Act, all IFAs are independently regulated to ensure they are giving impartial and honest advice to home buyers. They are fully trained mortgage experts while are duty bound to provide you with the right mortgage advice for your personal circumstances.

Knowing that you are dealing with a trusted professional can help to ease your mind , so that you know you will be moving to a new home with an affordable mortgage that is right  for you.

Access to more

The recently launched Help to Buy scheme is only available in Scotland and England with the assistance of an IFA. By talking to an IFA you can access this fantastic scheme for affordable home ownership, and receive expert advice and guidance throughout the process. 


At Stewart Milne Homes, we can help you access impartial financial advice with a qualified IFA. If you'd like to start your journey to a new home, make a free appointment with an independent financial advisor today: []



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