Mortgage Advice

What is it?

We provide Independent and Whole-of-Market Mortgage Advice and are sometimes call “Mortgage Brokers”. This means that we have no ties to any banks or lenders out there and we work for our clients best interests only – our advice is impartial and unbiased. As we’re Independent Financial Advisers, we can also help with wider financial questions than just a mortgage broker could.

How we do it

When we meet for the first time, we will explain to you our Four Stage Mortgage Advice Process.  We take all of our Mortgage Clients through every step of this journey because providing you with a consistently high standard of advice and service is of paramount importance to us.

Stage 1 – Initial Consultation

This stage allows us both to get to know each other and ensure we’re a good fit for working together. Unless stated otherwise, this is normally done at our own expense. We invest the time here to listen and understand your current financial position and circumstances, and conduct Whole of Market research (see below) and advise of your mortgage options. We would provide you with a fixed Broker Advice Fee if we agree to work together and move forward to the next stage. During Stage 1, we have three layers to our mortgage research:

  • Lender Criteria search to ensure your circumstances and the property you’re buying/remortgaging meets the lender’s criteria
  • Lender Affordability check to ensure the lender can lend you the amount you need
  • Mortgage product search (whole-of-market) to ensure you’re getting the most competitive and suitable mortgage product

This is the first milestone and lays and solid foundation for you to proceed onto buying your property or remortgaging. Once we’ve recommended a suitable lender to proceed with based on our research, the lender would carry out some basic credit checks and “affordability checks” to see how much they could lend you in theory.

We’d progress your case onto a Full Mortgage Application once your property offer has been accepted or as soon as possible for remortgages. This involves submitting supporting documents, such as payslips and bank statements, for the lender’s underwriter to review. Separately the lender would also request a surveyor to value the property to ensure the property is worth the price agreed and is suitable security for the mortgage. If all goes well, then a formal Mortgage Offer is issued and you’ll be in the home straight.

Your solicitors (known as “conveyancers”) would be working behind the scenes to complete the necessary legal process. Once a Completion Date has been set, your purchase/remortgage would be completed. Thereafter, typically between 3 to 6 months before your mortgage deal comes to an end, we’d be in touch to review your existing lender’s product range and compare this against the whole market to ensure your next deal would be just as competitive to save you money.

Who we work with

  • First Time Buyers (including Shared Ownership or Shared Equity schemes)
  • Home movers (such as those upgrading their homes, and those wishing to buy a second property)
  • Landlords (investment properties, Buy-to-Lets, HMOs)
  • Remortgages (with and without capital raising)
  • Self-employed individuals and business owners
  • Contractors
  • Limited Company mortgages
  • Expats
  • Foreign Nationals (with and without Indefinite Leave to Remain in UK)
  • Chinese & Hong Kong nationals – we speak fluent English, Mandarin, and Cantonese

By working with us you will:

  • Save money, time and hassle;
  • Have peace of mind;
  • Have greater certainty and confidence of your maximum budget and affordability;
  • Have a professional who will advise and guide you through the often stressful mortgage and house buying process. We would often liaise with the estate agent and solicitors when needed to take the burden off your shoulders;
  • Benefit from regulated, professional and independent and whole-of-market mortgage advice.

IFS Wealth & Pensions is both Independent Financial Advisers & Chartered Financial Planners (external link), awarded by the Chartered Insurance Institute, which is often regarded the gold standard in the profession.  Less than 5% of advice firms are Chartered so you can be sure that the advice we provide is of the highest standards. We take no shortcuts in our work.

IFS Wealth & Pensions Ltd
IFS Wealth & Pensions Ltd
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  • Alan has been fantastic to work with and provided sound professional advice. He was always on hand to answer any queries and was supportive throughout the process. Would definitely use his services again.

    CW Avatar CW
    26th August 2023

  • Back in 2016 after 30 years service I was about to retire, my company pension looked ok but I felt I could do better & wanted to secure the best possible ongoing regular income along with accessible cash availability. So on the recommendation of a close friend, who is... read more

    mick moohan Avatar mick m.
    26th July 2024

  • Alan Chan has supported and directed my personal investment plan since 2012. I have been extremely pleased with the way he has listened to and supported the direction in which I wish to invest my investments. Alan regularly updates me, both through the platform information but also by his noticing... read more

    Janice Walsh Avatar Janice W.
    2nd September 2020

  • I was really impressed with how professional my request was handled by Alan. He was always responsive and always had time to discussed any issue I had. I would definitely use IFS services again.

    Mark Yip Avatar Mark Y.
    26th August 2022

  • IFS have been advising us since before we retired 7 years ago, and it's good to know that our money is in safe hands, is growing faster and safer than if we were deciding ourselves what to do with it, and that when we needed money for a large... read more

    Tony Gillett Avatar Tony G.
    2nd September 2021

  • I bought my first property a couple of years ago and I could not have done it without the amazing help I got from Mr Ricky Chan at IFS. Buying any property can be stressful but Ricky explained every step, gave useful advice, was extremely responsive over phone and email.... read more

    Cheryl Phan Avatar Cheryl P.
    26th August 2021