Mortgage Advice Taunton: Your Guide to Expert, Fee-Free Mortgage Support

Last Updated: January 2025 | Reading Time: 7 minutes

Finding the right mortgage can feel overwhelming, but expert mortgage advice in Taunton makes the process simple, stress-free, and successful. This guide explains everything you need to know about getting professional mortgage advice in Taunton and Somerset.

What is Mortgage Advice?

Mortgage advice is professional guidance from qualified advisors who help you:

• Find the best mortgage deals for your circumstances
• Navigate the complex mortgage application process
• Understand your borrowing capacity and options
• Access exclusive rates not available to the public
• Save money through better rates and terms
• Avoid costly mistakes that could derail your application

Why You Need Mortgage Advice in Taunton

Save Thousands of Pounds

Professional advisors can secure better mortgage rates than you'd find alone. Even a 0.25% rate reduction on a £250,000 mortgage saves over £10,000 over a 5-year term!

Access to More Lenders

Direct applications limit you to one lender. As one of the best mortgage brokers in Taunton, we access over 90 mortgage lenders, including exclusive deals.

Navigate Complex Situations

Self-employed? Adverse credit? Non-standard property? Expert advisors specialize in complex cases that high street banks often reject.

Save Time and Reduce Stress

Your advisor handles research, applications, and communication with lenders, saving you dozens of hours.

Types of Mortgage Advice Available

First-Time Buyer Advice

Specialized guidance for those getting on the property ladder, including:

• Understanding deposit requirements
• Government schemes (Help to Buy, Shared Ownership)
• Stamp duty relief for first-time buyers
• Calculating how much you can borrow

Read our complete first-time buyer guide for more information.

Remortgage Advice

Expert help switching to better deals when your current mortgage ends:

• Comparing remortgage deals in Taunton
• Calculating savings vs. early repayment charges
• Equity release for home improvements
• Product transfers vs. full remortgages

Buy-to-Let Advice

Specialist support for property investors:

• Buy-to-let mortgage options
• Rental yield calculations
• Portfolio landlord guidance
• Limited company mortgages

Adverse Credit Advice

Help securing mortgages despite credit issues:

• CCJs, defaults, missed payments
• Previous bankruptcies or IVAs
• Debt management plans
• Credit repair strategies

Self-Employed Advice

Specialized guidance for business owners and contractors:

• 1-year account lenders
• Net profit vs. salary + dividends calculations
• Contractor day rate mortgages
• New business lending

Independent vs. Tied Mortgage Advice

Independent Mortgage Advisors (Whole-of-Market)

What it means: Access to all lenders and deals in the market

Advantages:

• Genuinely find the best deal for you
• No bias toward specific lenders
• Access to 90+ lenders including specialists
• Can shop around if circumstances change

This is what we offer at Taunton Mortgages

Tied Advisors (Single Lender)

What it means: Only offer products from one lender

Disadvantages:

• Limited product range
• May not have best rate for your situation
• Can't help if that lender rejects you

Multi-Tied Advisors

What it means: Work with a panel of selected lenders

Disadvantages:

• Limited choice compared to whole-of-market
• May miss better deals from other lenders
• Panel chosen for commission, not always client benefit

What to Expect from Mortgage Advice in Taunton

Step 1: Initial Consultation (Free)

• Discuss your circumstances and goals
• Review your income, expenses, and deposit
• Explain mortgage options available to you
• No obligation - just honest advice

Step 2: Mortgage Research

• Search the entire market for best deals
• Compare rates, fees, and terms
• Present recommendations with clear explanations
• Answer all your questions

Step 3: Application Support

• Complete all paperwork accurately
• Submit application to chosen lender
• Chase and manage the process
• Liaise between you, lender, and solicitor

Step 4: Ongoing Support

• Update you throughout the process
• Handle any lender queries
• Support through to completion
• Future remortgage reminders

How Much Does Mortgage Advice Cost?

Fee-Free Advice (Like Ours)

Cost to you: £0

How it works: We receive commission from lenders, so you get expert advice at no direct cost

Benefits:

• No upfront fees to pay
• Nothing to pay if application unsuccessful
• Same quality service as fee-charging brokers
• Completely transparent process

Fee-Charging Brokers

Typical costs: £300 - £1,000+ fixed fee or 0.5% - 1% of loan amount

When it might be worth it: Complex cases where lender commission is low

Our Recommendation

Always ask about fees upfront. Many quality advisors (including us) offer fee-free services, so there's often no need to pay direct fees.

Questions to Ask Your Mortgage Advisor

1. Are you independent or tied? Ensure whole-of-market access
2. What are your qualifications? Look for CeMAP qualified advisors
3. What is your fee structure? Understand all costs upfront
4. How many lenders do you access? More is better!
5. What's your experience with my situation? Ensure relevant expertise
6. Can you provide references? Check reviews and testimonials
7. How do you communicate? Phone, email, in-person - find your preference
8. What happens if I'm declined? Good advisors have backup options

Finding Cheap Mortgages Through Expert Advice

Expert advisors help you find cheap mortgages in Taunton by:

• Accessing exclusive low-rate deals
• Identifying fee-free products that reduce overall cost
• Timing applications to catch rate drops
• Improving your application for better rates
• Comparing true cost (rate + fees) not just headline rates

Common Mortgage Advice Myths Debunked

Myth 1: "I can get better rates going direct"

Reality: Brokers often access exclusive deals not available direct. Many lenders offer their best rates only through brokers.

Myth 2: "Mortgage advice is expensive"

Reality: Many advisors (like us) are completely fee-free. Even fee-charging brokers often save you more than they cost.

Myth 3: "I only need advice if my situation is complex"

Reality: Even straightforward cases benefit from market comparison and expert application support.

Myth 4: "My bank knows me best"

Reality: Your bank only offers their own products. They can't compare the market or access better deals elsewhere.

Myth 5: "All brokers offer the same service"

Reality: Experience, lender access, and quality vary significantly. Choose carefully!

Benefits of Local Taunton Mortgage Advice

Local Market Knowledge

Understanding Taunton property market trends, typical prices, and local lender appetite for Somerset properties.

Face-to-Face Service

Meet in person at our Taunton office for personalized, relationship-based service.

Community Connections

Relationships with local solicitors, estate agents, and surveyors to smooth your purchase process.

Accessibility

Easy to visit, call, or contact without dealing with distant call centers.

When Should You Seek Mortgage Advice?

Before House Hunting

Get a mortgage in principle to know your budget and show sellers you're serious.

3-6 Months Before Current Deal Ends

Start exploring remortgage options early to avoid moving to expensive standard variable rates.

When Circumstances Change

New job, self-employment, divorce, inheritance - major changes affect your mortgage options.

If You've Been Declined

Advisors can identify why you were rejected and find alternative lenders.

For Property Investment

Buy-to-let and portfolio lending need specialist advice from the start.

Why Choose Taunton Mortgages for Mortgage Advice?

• Award-Winning Service: Recognized for excellence in mortgage advice
• Completely Fee-Free: Expert advice at no direct cost to you
• Whole-of-Market Access: Compare 90+ lenders including specialists
• Local Taunton Experts: Deep knowledge of Somerset property market
• FCA Regulated: Fully authorized and regulated for your protection
• Experienced Advisors: Qualified professionals with years of experience
• Personalized Service: Tailored advice for your unique situation
• End-to-End Support: From first consultation through to completion

Frequently Asked Questions

Do I have to pay for mortgage advice in Taunton?

Not with us! We offer completely fee-free advice, receiving commission from lenders instead. You get expert support at no direct cost.

How long does the mortgage advice process take?

Initial consultation: 30-60 minutes. Research and recommendation: 24-48 hours. Application to mortgage offer: 2-6 weeks typically.

Can mortgage advisors help with bad credit?

Absolutely! We specialize in adverse credit cases and work with lenders who consider applications from people with credit issues.

Will seeking mortgage advice affect my credit score?

Initial consultation and research don't affect your credit. Only the formal application creates a credit footprint, and we ensure this is done strategically.

Ready to Get Expert Mortgage Advice?

Don't navigate the complex mortgage market alone. Our award-winning team of Taunton mortgage advisors is ready to help you secure the best possible deal.

Get started today:

• Book a free, no-obligation consultation
• Get personalized advice for your circumstances
• Access exclusive deals from 90+ lenders
• Receive expert support through to completion
• Save money with better rates and terms