Benefits of using a panel Financial Advisor

To apply for one of our Shared Ownership homes we require you to be financially assessed by one of our panel Independent Financial Advisors. This initial assessment must be carried out by a Bromford nominated IFA because of strict regulations governing the purchase of Shared Ownership homes.  

Whilst there are benefits to using these IFA’s for financial advice and to complete your mortgage application, you are free to use any financial advisor you choose once you have been assessed. 

What is an IFA?

You might also hear them referred to as a mortgage broker or financial advisor. An Independent Mortgage Advisor can provide you with expert financial advice, and with a smaller pool of Shared Ownership mortgage products available, it's important that you use a specialist who knows can help you find the mortgage products that are right for you and your individual circumstances.

If you do choose to move forward with your mortgage with one of our panel IFA's, it can be helpful for the following reasons:

Saving time

We have a good relationship with our IFA's and that can help in speeding up the purchase of your home as we can be on hand to provide any information needed as quickly as possible. We have weekly meetings with our panel IFA's and this allows us to keep on top of your mortgage progress.

Expert knowledge on Shared Ownership

Our panel IFA's have up-to-date knowledge of Shared Ownership and different lenders' criteria. They can match you with the lender most likely to approve your application based on your financial situation. This is especially useful for first-time buyers, those with complex finances, or people with a less-than-perfect credit history. 

Feedback from other customers

We've had great feedback from other customers who have used our panel IFA's, they tend to be more knowledgeable about Shared Ownership processes and they are able to work at pace to get you moving. 

Next steps

We encourage you to contact our nominated Mortgage Advisors as soon as possible and get yourself on the list for your preferred home. To register with MAB / TMP please visit their websites below.