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

Stage 2 – Decision In Principle

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.

Stage 3 – Mortgage Application & Offer

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.

Stage 4 – Mortgage Completion & Future Remortgage

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

Based on 59 reviews

Review us on

I benefit from useful expert advice regarding options and prospects & portfolio OK in challenging times. Confident for my future.

Elizabeth P.
2nd September 2021
I had the pleasure of working with Ricky Chan from IFSWP as I navigated the Help to Buy scheme as a first-time buyer. Ricky was exceptional in making what initially seemed like a daunting and complex process incredibly straightforward and stress-free. His ability to break down financial jargon into easy-to-understand... read more

Will L.
2nd September 2024
Always great to work with the professionals at this company- breath of fresh air!! Friendly, efficient, great communication. Highly recommended

Baker E.
26th August 2022
Buying a property is a big decision, thus my partner and I had endless questions. We are very grateful that Alan is an extremely informative and patient mortgage advisor, who carefully guided us through our queries step-by-step. He is detailed orientated and up-to-date with new industry legislations, which massively helped... read more

Helen S.
26th August 2021
Highly recommend IFS Wealth & Pensions. Alan Chan has been advising me for years, always super efficient, professional yet feels like you are talking to a friend and there are also the little things that don't go unnoticed, gentle reminders, honesty and birthday cards from IFS. He has advised on... read more

Sam M.
26th August 2023
Highly recommend. Professional and efficient. They helped me a lot on my first mortgage in UK.

Ryan T.
26th August 2023

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