Advice for young people looking for a mortgage adviser

For a while now it has become apparent that the property ladder is not a fan of young first time buyers and it is becoming an increasing problem for the younger generation to join the property market and buy their first home. This is down to a number of factors, the biggest being the massive increase in property prices and tax, not only this but the higher cost of living and people, especially young people are finding it difficult to afford. The best mortgage advice that can be given to any young person would be to find a good reliable mortgage adviser who is able to recognise your needs and take a look at all of the options that are available to you with an unbiased outlook.

Step by step on finding a good adviser starts here:

1)    Research online – Search online for an adviser in your local area that specialises in property near to where you live or want to move to. Change according to the location you want to buy property. The internet provides a great range of information and resources to help you find the right adviser.
2)    Testimonials – Make sure there is access to past customer experiences so you are able to make up your mind. It is always more helpful, knowing if others have had a good experience with a company before making up your mind. A good adviser will have no problem providing these or displaying them clearly on their website.
3)    Make it easy for you – They will make it easy for you, and do all the work so you can relax at this stressful time in your life. They will scour the market and what options are available to you and really give you the best deal they can. To do this, they will have to deal with quite a lot of companies but be unbiased, this is because if they are biased to one company then they aren’t getting you the best deal they can which is not beneficial to you. Find out which companies they go to and if it is enough to get a competitive deal.
4)    Answer your needs – Make sure whatever questions you have are being answered. A good adviser will have no trouble giving you answers and asking you a lot of questions themselves. The more information you can give each other then the better deal you are going to get, so don’t be afraid to ask as many questions as possible.
5)    Easy to contact – It goes without saying, if they are hard to contact it can mean they aren’t trustworthy. Check for email addresses, postal addresses, telephone numbers and any other means of contact. They need to be easy to get in touch with if you have any problems or urgent questions.


Once you are comfortable with your mortgage adviser, you will need to think of other important factors such as how much you are earning, how much deposit you will need to save, how much you can afford to pay out and just generally making your bank statements look as good as possible. It will be unlikely you will be able to lend if you have messy incomings and outgoings so make sure you can account for everything.