Is it worth seeking the services of an IFA?
Discussion
We currently have a mortgage, and there is an estimated £45k equity in my property.
We recently expressed an interest in re-mortgaging through an independent company.
A person visited us and took a complete picture of our current financial state, and went away to consider the options.
Three days later, we were advised that he couldn't help us, as we didn't have enough equity to cover our loan / credit cards etc.
However, at no time did we express any interest in consolidating our debt, and were left with the impression that this person stood to make a large amount of commission if he had been able to re-arrange a mortgage.
So, my question is - are there any IFA's out there, that can offer good advice (we don't mind paying for it), but don't have their own interests (i.e. commission interests) at heart?
Obviously there is an element of crystal ball gazing, but we're just looking for the best option in terms of re-mortgaging right now - debt consolidation is something to consider in the future (if at all).
As neither my OH or myself are particularly financially 'savvy' some good advice is sought.
So if anybody can recommend us a reliable IFA in the Yorkshire area it would be appreciated.
We recently expressed an interest in re-mortgaging through an independent company.
A person visited us and took a complete picture of our current financial state, and went away to consider the options.
Three days later, we were advised that he couldn't help us, as we didn't have enough equity to cover our loan / credit cards etc.
However, at no time did we express any interest in consolidating our debt, and were left with the impression that this person stood to make a large amount of commission if he had been able to re-arrange a mortgage.
So, my question is - are there any IFA's out there, that can offer good advice (we don't mind paying for it), but don't have their own interests (i.e. commission interests) at heart?
Obviously there is an element of crystal ball gazing, but we're just looking for the best option in terms of re-mortgaging right now - debt consolidation is something to consider in the future (if at all).
As neither my OH or myself are particularly financially 'savvy' some good advice is sought.
So if anybody can recommend us a reliable IFA in the Yorkshire area it would be appreciated.
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