A mortgage finder is an independent online mortgage broker. According to Mortgage Finder?s website, you can expect the following services of a reputable mortgage finder company: They should have ?proper knowledge of and extensive access to the mortgage marketplace.? You should ?be provided with a truly independent assessment of the mortgage market.? And, you can expect ?to be provided with a full advice and recommendation service on different mortgages for different needs whatever they may be.? Some of those different needs are, for example, needing a buy-to-let mortgage, having bad credit, remortgaging, having no money down, or wanting to buy a second property or a property overseas.
To ensure that you are dealing with a reputable mortgage finder, you should check with the Council of Mortgage Lenders and the Financial Services Authority (FSA). Both of these organisations have websites that give helpful information on mortgage finder companies. The former ?is the trade association for the mortgage lending industry? and their website boasts that their ?members account for around 98% of UK residential mortgage lending.? Their goal is to ?foster a favourable operating environment in the UK housing and mortgage markets.? They also have a Directory of Members, where you can find details on their mortgage finder members. The FSA works to ?regulate the financial services industry in the UK? (by using their) rule-making, investigatory and enforcement powers.?