The 20 page PDF how to buy guide provides prospective homeowners in England and Wales with a basic overview of everything involved in buying a property.
It sets out the important steps along the way to purchasing a property, tells buyers which organisations can help and where they can find more information.
It informs readers that a mortgage broker or adviser will be able to advise them about the best mortgage for their needs, as well as defining the roles of lenders, surveyors and others involved in process.
The guide tells prospective buyers to check their credit scores before speaking to brokers and goes on to say: “Using a mortgage broker can be a good way to get individualised mortgage advice, although you may have to pay a fee.
“It may be especially useful to get individualised advice if you have unusual circumstances (e.g. if you are self-employed or have a low credit score), as this can limit the types of mortgages that are available to you.
“Equally, many lenders will have mortgage advisers who can advise on their own range of products,” it adds.
It also warns about referrals, noting: “Do not feel obliged to take up any referral the estate agent, developer or mortgage broker/lender makes – it is entirely your choice.”
How to Sell is also 20 pages long and contains fewer references to brokers.
It says that, before selling, homeowners “should speak with your lender or broker to find out how much you owe, including any possible penalties for early repayment.”
Both How to Buy and How to Sell can be downloaded for free.
