3 Reasons Why an Independent Financial Adviser Will Help Save Time, Money and Stress when Buying a Home

Buying a new home is exciting and certainly one of life’s biggest milestones, but it also comes with big decisions and important financial choices. With the recent interest rate cut making mortgages potentially more affordable, so, is now a good time to think about how to make the most of the opportunities available?

If you’re ready to begin the journey, we advise you start with your finances and, on National Financial Awareness Day, one of our trusted independent financial advisers (IFAs), Ashley Moore from ADM Financial Services, has outlined three key reasons why having an IFA on your side could save you time, money, and stress in your home buying journey.

1. They streamline the process and keep communication flowing

Buying a new build home involves many people, from solicitors to mortgage lenders and developers, an IFA can act as your central point of contact, ensuring clear communication between everyone involved.

2. They can help you access the most competitive interest rates

With the Bank of England’s recent rate reduction, mortgage rates may now be more attractive than they have been in months. However, the best deals aren’t always advertised on the high street. An independent adviser can search across a wide range of lenders to find the most competitive mortgage rates and terms that suit your circumstances.

3. They help you understand your budget before you start house hunting

Falling in love with a home only to find it’s out of budget can be disheartening. An IFA will review your financial situation in detail before you start viewing properties, giving you a clear idea of your affordable price range  including deposit, monthly repayments, fees, and moving costs.

They can prepare you to be financially ready

An IFA doesn’t just help you get a mortgage-ready, they can guide you on how to get financially ready before you apply too. This could include improving your credit score, reducing existing debt, building your deposit, and understanding the impact of different loan terms on your future budget. With this preparation, you’ll be in a stronger position to secure the right mortgage at the right time.

Make the most of today’s market

With interest rates cut and mortgage deals potentially becoming more competitive, it’s an ideal time to explore your options. Whether you’re a first-time buyer or moving up the ladder, working with a trusted independent adviser can give you clarity, confidence, and peace of mind.

If you’re thinking about buying a new home, our sales team can introduce you to one of our recommended independent financial advisers for tailored guidance.

In the meantime, why not view our available homes and start your journey towards your new home today.