Mortgages: How we could save you £400 per year

How you could potentially save £400 with our mortgage broker

According to a new report, those who do not compare the whole of the mortgage market can end up paying up to £400 extra on their mortgage every year. This is likely to happen when borrowers take advice from brokers who are not whole of market and have a limited range of lenders on their panel.

The Financial Conduct Authority (FCA) have published a report which analyses mortgage broker panels which contain a limited amount of lenders. Their findings reveal that these smaller panels can lead to recommendations from lenders with more expensive products.

The FCA says “Based on our data analysis, we found that intermediary firms use a small number of lenders recommend more expensive products on average compared to intermediary firms who use a great number. The price difference could be around £400 for the first year of the incentivised period of the median loan amount.”

Walton & Allen are pleased to be able to compare the whole of the market, where our panel includes almost every available lender. This means we are always looking to find you one of the best deals possible, based on your financial circumstances.

To talk to our mortgage broker today you can call 0115 9243304 or use the form below to request an appointment.

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Our mortgage brokers will provide advice either at our offices or at your own home, at a time to suit you.

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Think carefully before securing other debts against your home.

Walton and Allen Financial Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 3 Derby Road, Ripley, Derbyshire, United Kingdom, DE5 3EA. Registered Company Number: 10063471 Registered in England & Wales.

This information has been sourced from Mortgage Stratergy