YouTube advice clip by Ndubuisi 'Andy' Egwim (uploaded Jan 25, 2024) advising first-time homebuyers — especially doctors and healthcare professionals — to avoid bank mortgage advisors because of conflicts of interest. Recommends using an independent mortgage advisor with whole-market access and, ideally, experience working with medical professionals to get better deals; promises a step-by-step guide for first-time buyers.
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Don't go to your bank and ask for a mortgage advisor. It's a big mistake if you're buying your first home. Now think about it from this point. If I was selling only donuts, you wanted a salad. Obviously it's my interest to only recommend the donut for you rather than a salad. So when you go to your bank, they are most likely only going to recommend the products that they have available, even they are not your best options. What I do suggest, as I do in my case, is to go to an independent mortgage advisor who is not linked to any bank, but they have access to the whole market. That way they can assess your unique situation, assess what you can afford for that, assess your income. And it's always better as a doctor, healthcare professional, if you go with one that has worked with doctors and healthcare professionals and then they can make recommendations based on assessing the whole of the market. That way you're more likely to get a better deal rather than going to your bank. Obviously, if you're a first time buyer looking for tips on how to buy your first home, you want a step by step guide. Don't worry, we've got you covered.
