There are many different types of mortgages available from a wide variety of lenders - including banks and building societies. Some mortgages can even be arranged over the phone or via the Internet. With so much choice you may feel that you need to seek some expert advice.
All financial representatives are bound by law to give the best advice for your needs. They must operate within the terms of the Financial Services Act (FSA) whether independent or tied.
Tied agents can only offer the products of the company with which they are linked, which in turn must be regulated by the FSA (Financial Services Authority).
Independent brokers can offer products from a variety of lenders. They must be authorised by the FSA (Financial Services Authority).
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