Aug 13, 2018 10:12:25 AM

Mortgage Adviser vs. Lender Direct

Topics: Finance Update, Mortgages, NZ Property, finance health check, NZ Property Market, lending options, NZ Mortgage Adviser 0

If you haven’t already worked with a mortgage adviser, you may be wondering why you should consider doing so. Why not go directly to the lender instead? Aside from the obvious – having someone else do the legwork for you – there are several other benefits to working with a mortgage adviser. Take a look at what these are.

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What does a mortgage adviser do?

Firstly, it’s worthwhile understanding what it is a mortgage adviser does. A mortgage adviser is essentially a financial adviser who specialises in helping people secure a home loan: A middle-person linking you with a lender.

But mortgage advisers offer a much broader service too. From helping to assess your credit-worthiness, providing tailored lending advice, managing the application process, right through to shopping around and negotiating with lenders on your behalf, even assisting with refinancing advice further down the line.

Why work with a mortgage adviser?

Probably the biggest advantage to working with a mortgage adviser rather than a lender direct, is the range of lending products that a mortgage adviser has access to. A mortgage adviser is not limited to just one or two lenders or financial products, but instead works with a panel of bank and non-bank lenders offering you a much broader pool of lenders to choose from.

A mortgage adviser will shop around on your behalf and recommend the financial product most suited to your needs. And, because they’re experienced at finding a tailored solution for each client, they’ll almost certainly have access to something that will fit your unique situation.

They’ll work with you to understand your financial goals, help explain the various options that may be available to you, and even help put together the paperwork when it comes time to apply for pre-approval or a home loan, ensuring a more successful outcome.

Mortgage advisers are particularly helpful if you’re a first time home buyer and you don’t have the experience or understanding of the finance industry and the mortgage market.

How to choose a mortgage adviser?

Before engaging the services of a mortgage adviser, here are a few questions you may like to ask:

  • Are you regulated by a Financial Services Authority?
  • How many lenders do you work with?
  • What are your fees and commissions?
  • Can you provide professional advice around all aspects of the home buying process?

If you haven’t already secured the services of a mortgage adviser, get in touch with Mortgage Express. We have a team of professional mortgage advisers located throughout the country and can assist you with home buying advice whether you’re a first home buyer or a seasoned investor.


While all care has been taken in the preparation of this publication, no warranty is given as to the accuracy of the information and no responsibility is taken by Mortgage Express Limited for any errors or omissions. This publication does not constitute personalised financial advice. It may not be relevant to individual circumstances. Nothing in this publication is, or should be taken as, an offer, invitation, or recommendation to buy, sell, or retain any investment in or make any deposit with any person. You should seek professional advice before taking any action in relation to the matters dealt within this publication.

A Disclosure Statement is available on request and free of charge.