Why Is A Whole Of Market Broker Important?
Guide
A Whole Of Market Broker is one who has access to the whole lending market. Not all brokers are whole of market which is why it is important to ask the question. Some brokers will only work with specific lenders on the market which means they only have access to a reduced amount products and criteria. This could result in you having a higher rate due to them not being able to see the better deals with other lenders, who could accept your circumstances.
When speaking to an advisor always ask them if they are whole of market and if not, ensure you do our research before comitting to a product.