Check the qualification of your mortgage adviser
A colleague of mine forwarded an e mail she had received advertising a 3 day course which would training you to be an expert buy to let mortgage adviser.
Most people don’t know that buy to let mortgages are not regulated by the FSA, since they are deemed to be commercial mortgages rather than residential. Therefore, it is possible to set yourself up as a buy to let mortgage adviser without having relevant qualifications.
Although not regulated by the FSA, any reputable adviser will attach exactly the same duty of care to a buy to let mortgage as they would to a residential mortgage. Therefore, my advice is to check the qualification of your mortgage adviser, and whether they are regulated by the FSA. If they are it will be stated on their business card.
For mortgage advice you can visit www.marywaringmortgageadvice.co.uk
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