Mortgages

Broker vs a tied or restricted adviser

Not all mortgage advisers can offer you the same range. Some compare a wide range of lenders across the market. Others are tied or restricted, limited to one lender or a small panel. The difference directly affects the choice you get, so it is worth understanding before you commit.

What this means

A mortgage adviser can recommend mortgages from a range of lenders across the market, not just a single provider. That means your situation is matched against a wide range of options, and you are more likely to find a lender whose criteria genuinely fit you.

What tied or restricted means

A tied adviser represents a single lender and can only recommend that lender's products. A restricted adviser works from a limited panel of lenders rather than the full range of options. This is common with some estate agents' in-house mortgage services and some bank advisers. The adviser may be perfectly competent, but the range they can offer you is limited by design, and that limitation may not always be obvious.

Why the difference matters to you

If an adviser can only offer one lender or a small panel, the recommendation you get is shaped by what they are allowed to sell, not purely by what is best for you across the range of available options. You might be steered toward a deal that suits the arrangement rather than your circumstances. With a broker, the starting point is your situation and the full range of lenders, which is a fundamentally different basis for a recommendation.

A note on estate agent mortgage services

When buying through an estate agent, you may be encouraged, sometimes quite firmly, to use their in-house mortgage and conveyancing services. That is their commercial model. You are under no obligation to use them, and you are free to choose your own broker and your own solicitor. Keeping those choices independent means each part of your purchase is working for you, not for the agent's referral arrangements. Any buyer, any solicitor.

Not sure which is right for you?

That is exactly what we are here for. A quick conversation with an adviser will give you a clear answer based on your situation.

Get mortgage advice Speak to a mortgage adviser

Major Money Matters Ltd is an appointed representative of Sesame Ltd. Your property may be repossessed if you do not keep up repayments on your mortgage.

Reviews

What our clients say

Real reviews from clients across Romford and Essex, verified on Google.

Rated 5.0 out of 5 from 92 Google reviews Read the reviews on Google

    
 
 
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   Paul Maysmith 
 
 
 
 Trustindex verifies that the original source of the review is Google. Always a great experience. Thanks to Mark Potter, Chantel Smith on the mortgage side and Oliver Alan on the insurance. Can't recommend the team highly enough.
  
 
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   Ramona Iuga 
 
 
 
 Trustindex verifies that the original source of the review is Google. 5 stars service,Mark and the team always offer a great service and support all the way,highly recommended.
  
 
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   Fancy Window Cleaners 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent service from Mark and the team as always.
  
 
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   Kelly Sainty 
 
 
 
 Trustindex verifies that the original source of the review is Google. The second time we’ve used major money matters and cannot fault anything! Both Mark and Chantel as helpful as ever
  
 
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   Amy Phillips 
 
 
 
 Trustindex verifies that the original source of the review is Google. A huge thank you to Billy for all his support throughout my mortgage process. He was knowledgeable, approachable, and always happy to answer my questions, making everything easy to understand and much less stressful. His advice and guidance were invaluable, and I always felt confident I was in good hands. I really appreciate all his help and would highly recommend him to anyone looking for a fantastic mortgage advisor. Thank you, Billy!
  
 
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   Robert Larkey 
 
 
 
 Trustindex verifies that the original source of the review is Google. Top quality service no fuss straightforward advice and actioned quickly once right product decided on
  
 
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   Montell Chukwu 
 
 
 
 Trustindex verifies that the original source of the review is Google. I was recommended major money matters through a friend and they haven’t been short of fantastic, Oliver Potter who handle my mortgage offered a perfect service, can’t recommend them enough!
  
 
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   Billy Camden 
 
 
 
 Trustindex verifies that the original source of the review is Google. The whole team at Major Money Matters are an absolute dream to work with. Their expertise, speed and friendly approach made what we thought was going to be an arduous process quick and simple. Mark, Oli and Lee were always just a phone call away if we had any questions and provided clear and easy to understand advice/guidance. We would recommend their services to anybody.

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