ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Independant Financial Advisor - Advantages & Disadvantages

Updated on November 21, 2017

Mortgage Financial Advisers

Many house buyers tend to be sceptical and perhaps a little bit shy when it comes to speaking with a financial adviser, but in this article we will take a look at whether or not it could be beneficial to consider a financial adviser for the purchase of a house. Financial advisers are in a position whereby the customer invests a lot of trust into them and therefore it's very important that they are operating for the customer and not entirely for themselves.

Their Role

A financial adviser should be scouring the market for you, looking for the best deals. Therefore in turn saving you money, and making some commission from the banks, insurance companies etc for putting you their way. The financial adviser will be there to chase up any issues you have with the mortgage going through. He should find you solicitors that he recommends and follow up constantly to make sure everything is going smooth. This is a huge weight from your shoulders. The finiancial advisor will scour the country if needed to find you the best options and result, whereas the estate agent won't.

There are different types of financial advisers. Some will ask for a fee upfront whilst others do not. Why is this? Financial advisers are working people and it goes without say that they need to make money doing the job. Financial advisers that ask for money upfront can sometimes be the better option as they are more likely to act in your best interests. A financial adviser that does not ask for money up front, will act in your best interests to an extent, but we must also recognise that in order to make it worth their while they will be tempted to lure you into a mortgage whereby they can make the highest amount of commission. Some mortgage companies will not deal with financial advisers and therefore these will not be brought to your attention at all, even if they are offering the best deals.

How it works

Mortgage Financial advisers generally have software that allows them to show you the best deals on the market at the present time. They can advise you on the best options for you based on your current situation and they have the ability and knowledge to save you a lot of money further down the line.

First Experience

In 2008 I used a financial adviser who was recommended to me by a friend of the family. At the time I was grateful to have been introduced to someone who could be trusted and was highly recommended. There was no fee with this financial adviser, which I was also pleased about. The financial adviser showed me the options on the market and advised me to opt for a 5 year fixed rate mortgage with the lowest interest rates. I was happy to know that I was being advised by a professional and naturally followed his lead. The first year was great, but then the interest rates started to drop very quickly. By the end of my 5 year fixed mortgage I had paid £18,000 in mortgage repayments than I would have done, had I have opted for a variable mortgage option.

No-one has a magic wand - including the financial advisers, but when I look back it's easy to see that I was talked into a 5 year fixed mortgage because the commissions were going to be far greater for my adviser, than if I had of opted for a 2 year mortgage or went variable.

Second Experience

My second time around using a financial adviser was a totally different experience. This financial adviser requested an initial fee, but did not disappoint. Not only did he get us an excellent deal and save us a lot of money, but he also took care of a lot of the mundane paperwork and correspondence between us and the estate agents. He was proactively chasing the estate agents for us and talking with solicitors to get the chain pushed through as quickly as possible. I would use him again and I regularly recommend him to friends and family.


Although much of the information is readily available on the internet, it is always worth consulting with a financial adviser when making a purchase on a house. A house is likely to be the most expensive that anyone will make in their lifetime, and a mortgage is also the biggest loan that most people will ever have to their name. When you consider the amount the amount of money and risk involved it does make sense to talk to a professional that specialises in this field and also in finance.


Don't be put off when a mortgage adviser asks you for a small fee upfront. The fee in comparison to your mortgage could be looked upon as peanuts. A mortgage adviser who is charging a fee is more likely to be acting in your best interests and will be able to offer you the best advice, without solely relying upon your purchase to fund his or her pay cheque.


Submit a Comment

No comments yet.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)