Guidance: This adviser doubted whether buy-to-let would be a viable solution. He said buy-to-let will help in saving up income to generate the £150,000 rather than increase the borrowing amount lenders will lend the shopper. He offered to conduct some research and get back to the shopper. 3/5
Knowledge: The adviser offered adequate knowledge to the shopper. 3/5
Email: firstname.lastname@example.org. 5/5
Verdict: The adviser was willing to help but appeared to contradict what many of the other advisers said, which is that buy-to-let income can boost the amount available to a borrower.
Adviser: Fingerprint Financial Planning (independent)
Address: Admiral Offices, Main Gate Road, The Historic Dockyard, Chatham, Kent ME4 4TZ
Speed of response: The shopper was connected first to the switchboard after two rings at 12.22pm and after four rings to the adviser. 5/5
Telephone manner: This mortgage broker had an extremely friendly attitude. 5/5
Relevant qualifications: CeMap. 5/5
Payment method: The mortgage broker quoted a fee of £495. 5/5
Guidance: The mortgage broker said converting the home to buy-to-let is the best option given the shopper’s salary and financing needs. He said that lenders will most likely only lend a higher amount if the shopper has already moved out of the residential home and converted it to a buy-to-let before applying for the mortgage. He took some details and suggested a face-to-face meeting. 5/5
Knowledge: The adviser showed a great understanding of buy-to-let and mortgages. 5/5
Email: email@example.com. 5/5
Verdict: Shopper's Choice. This adviser was most helpful as he did not completely rule out the possibility of the shopper getting a mortgage and explained the buy-to-let option in greater detail.