We help people achieve their aspirations. This means being able to understand their options and the risks they are taking on. This is where a broker adds value.
To illustrate how this helps a client consider this scenario. You need assistance with a debt or mortgage and contact us because we have the knowledge of what is available from different providers in the market place. We then present you options based on your needs and will talk you through the pros and cons of each. You then make an informed decision based on our discussion.
So basically we provide our clients with Lending Advice. Lending Advice involves four main areas of consideration:
- financial organisation,
- managing risks,
- structure and product,
- implementation planning
Financial organisation
Financial organisation is about bringing structure to the financial lives of our clients. Fundamentally it is about managing repayments, though beyond that it involves guidance around budgeting, effective cash flow management and streamlining facilities. This is the 'sleep at night' section where our assistance makes it easier for you to have peace of mind, knowing you have an achievable goal and that you are working towards it.
Managing risks
Importantly, Lending Advice is also about managing risks. Taking on debt requires serious consideration and can involve significant risk on many levels. Our role is to identify and mitigate these risks and help you understand them. Some of the risks you will never have even contemplated. There are economic risks such as interest rate fluctuations and inflation, health risks, property risk, employment risks and more. What if you or your partner loses their job as the economy slows? How will this impact your debt and how will it be managed? It is our responsibility to assist with reducing and removing these risks wherever possible.
Importantly, Lending Advice is also about managing risks. Taking on debt requires serious consideration and can involve significant risk on many levels. Our role is to identify and mitigate these risks and help you understand them. Some of the risks you will never have even contemplated. There are economic risks such as interest rate fluctuations and inflation, health risks, property risk, employment risks and more. What if you or your partner loses their job as the economy slows? How will this impact your debt and how will it be managed? It is our responsibility to assist with reducing and removing these risks wherever possible.
Structure and product
The third area for consideration, structure and product, is about far more than the product sale or the cheapest interest rate and involves recommending a suitable solution to your debt situation. This is a multifaceted area that requires significant research around items such as features & flexibility, fixed or variable facilities and long term interest rate considerations. We provide lender profiles and help you understand the relevance and importance of our recommendation.
The third area for consideration, structure and product, is about far more than the product sale or the cheapest interest rate and involves recommending a suitable solution to your debt situation. This is a multifaceted area that requires significant research around items such as features & flexibility, fixed or variable facilities and long term interest rate considerations. We provide lender profiles and help you understand the relevance and importance of our recommendation.
Implementation planning
Finally, implementation planning is the 'doing' part of the transaction. Most of this stage involves us liaising with the lender, valuer, real estate agent, vendor's solicitor, your solicitor and other parties where needed. We keep you informed as to the progress of your loan and deal with any issue as it arises. This may result in a request for additional information from you. Essentially, we become the 'hub' to the various 'spokes in the wheel' that is the loan transaction process.
