Financial adviser vs mortgage broker: who do you need?
A mortgage broker focuses on mortgage products and borrowing. A financial adviser may work across pensions, investments, protection and wider planning, depending on permissions.
What does a mortgage broker do?
A regulated mortgage adviser or broker can assess mortgage needs and recommend suitable mortgage products within the scope of their service. Independent brokers can search across multiple lenders.
What does a financial adviser do?
A financial adviser can cover broader personal financial planning and regulated areas such as pensions and investments, subject to their permissions and proposition. Some advisers or firms also hold mortgage permissions.
When might you need both?
A home purchase can interact with investments, protection, business ownership or retirement planning. One professional may not cover every regulated area, so ask who is responsible for each part.
Check the relevant permission and scope
Do not assume a broad financial-planning title automatically includes mortgage advice. Check the firm and clarify exactly what service is being offered.