Mortgage advisers are used by three quarters of landlords, especially when in regard to buy to let and investment property .
An Alliance &Leicester Mortgages survey has found that 55% of landlords rely on mortgage advisers.
An important service that mortgage advisors provide are buy to let mortgages and new mortgage products .
Mortgage advice is critical for buy to let investors . Landlords need mortgage advisers to get information that they find more difficult to obtain, as well as assisting them to get the best suitable mortgage product.
Advisers provide critical information for the decision making process and of course the decision itself impacts greatly on the landlord's finances . The fact that half of landlords taking advice (49%) remain loyal to one adviser shows just how much they really do value this relationship.
Moreover, a tenth of landlords see their mortgage adviser weekly, with 40% seeing their adviser once a month.
It is very clear that mortgage brokers play an important role in the buy to let market as advisors often have information on competitive deals available.
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Landlords Rely on Mortgage Advisors
Fri, 30 Mar 2007
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