There are lots of comparison sites you can use to look at different mortgages and insurances and they are a great way to see a variety of deals, but these sites don’t offer the most important part of buying your home – advice. We’re huge advocates of getting personalised advice for your finances, so we wouldn’t recommend using a comparison to website to find your mortgage.
Here are three reasons why:
1) The cheapest deal doesn’t mean it’s the best deal for you
There are lots of different factors that go into finding the ideal mortgage for you, which is why it’s best to get personalised advice rather than try to decipher a long list of deals. We consider things like your future plans and your wider financial circumstances to find a deal that’s best for you.
2) You may end up applying for a mortgage you’re not eligible for
Comparison sites don’t take into consideration each lenders criteria that they set for their customers, so you could pick a deal that you’re not eligible for which may impact your credit score. We will only apply for a mortgage that we think you’ll get approved for.
3) Comparison sites don’t offer support
Buying your first home can be a daunting task, and you can spend a lot of time researching what you need to do or how to do it, and comparison sites don’t help with that. Whilst comparison sites are free to use, it’s also free to access our advice so you can save time, and make sure your decisions are backed up by regulated advice.