Independent mortgage adviser

Since 2013, banks and mortgage advisors have had to pay the costs of mortgage advice directly to the consumer instead of incorporating it into the mortgage interest. This allows consumers to immediately see how much they have to pay for mortgage advice and moreover they can compare the costs of different advisors. If you compare these costs, you will soon notice that independent mortgage advice costs much more than advice from a bank. Is this independent advice a good choice?

Independent mortgage adviser

home loan

Whether independent mortgage advisers now work independently from their own small business or are affiliated with a large mortgage adviser, they never work in the interest of a particular mortgage lender. They look at your financial situation, the expectations for the future, your spending scope and your wishes for the mortgage. Based on this data, the adviser can calculate your maximum mortgage and advise the mortgage that suits you best.

You can follow this advice and arrange things through the mortgage adviser, such as an offer from the mortgage provider. If you decide to take out a certain mortgage, you pay the mortgage costs separately to the mortgage provider.

If you opt for advice from the mortgage provider, he or she will also review your financial situation and link up with the mortgage advice. But he only advises mortgages from the bank for which he works, so there is a good chance that you will not end up with the lowest mortgage interest rate.

If you ultimately take out a mortgage, you pay the closing costs separately

If you ultimately take out a mortgage, you pay the closing costs separately

Tip! With a mortgage it is best to also take out a term life insurance policy. Banks and independent advisers also charge closing or brokerage fees for this. So compare these costs also before you decide how to close them.

Independent mortgage advisor costs

Independent mortgage advisor costs

An independent mortgage adviser charges more costs than an adviser from the mortgage provider. These costs quickly differ by around 1,000 euros, depending on the consultant. But in the end you save on mortgage interest again and often this difference in mortgage interest easily compensates for the higher costs. That way, with the more expensive advice, you are even cheaper.

At most banks and at most independent mortgage advisors you can conduct an intake interview free of charge. This way you can already make an estimate of which option is the cheapest for you. You can also request quotes from the various advisors to compare costs.

Home insurance cover: the differences

Always wanted to know what the differences are between the coverage of a home insurance policy? When taking out a home insurance policy you can choose from two cover types: Basic and All-risk. Macheath has listed the differences for you. 

Basic coverage

Basic coverage

With the basic insurance you are covered for the following:

  • Fire
  • Lightning
  • Theft / burglary
  • Riots
  • Storm (from wind force 7)
  • Explosion
  • Vandalism
  • Oil, smoke and soot
  • Water damage (from water pipes, etc.) and precipitation
  • Freezing water pipes
  • Collision / collision
  • Fall trees, cranes and pile drivers

All-risk

The most comprehensive insurance offers coverage against any ‘external calamities’. Any sudden and unforeseen damage caused by, for example, a storm is thus covered in principle. But you are also insured for ‘accidents’. If you let a candle fall over and damage your carpet, you can reclaim money from the insurance for that. However, the policy has many exceptions. Damage caused by your pets to your own belongings is usually not reimbursed. What you can and cannot declare differs per household insurer. Some insurers do offer 3 or more different cover types. Read more about the most common coverage here.

What is the difference between basic and all-risk?

What is the difference between basic and all-risk?

In this overview we have summarized shortly before you what the differences are between the reimbursements from the basic household insurance and the all-risk coverage. 

 

From 2.50 euros extra per month you already have all-risk coverage.

Difference in home contents insurance coverage: an example

Difference in home contents insurance coverage: an example

Imagine you drop a bucket of soapy water on your parquet. With a basic cover this is not reimbursed, because the water does not come from a water pipe. If you have all-risk coverage, you can claim the damage. Even if your child makes a nice drawing on the couch, this is not covered by the basic cover. With all-risk coverage you can declare the costs for cleaning your bank.

Big difference most expensive and cheapest

Big difference most expensive and cheapest

The difference between the cheapest and the most expensive household insurance is large. It can amount to more than 100 euros per year. How much do you pay for your household insurance? Perhaps you can insure your household effects at a lower premium. Curious? Discover what you can save. Compare household insurance 5.00 avg. rating ( 96 % score) – 1 vote