Below we look at the 1 “best” mortgage brokers and advisors in Bacup.
For more on how we chose the best please consult our FAQ section at the end.
Please not the following listings are in no particular order and we are not making any recommendations for any particular broker or advisor. Nor are we making any other financial recommendations.
Octopus Financial Rossendale Mortgage Broker Life Insurance Adviser
Description from the business: Here at Octopus Financial we specialise in offering Fast & Friendly advice for all of your mortgage, insurance and specialist lending needs.
We specialise in all aspects of mortgage advice from first time buyers to portfolio landlords & serial property investors.
On top of this we specialise in all aspects of life insurance and protection products, to ensure that you and your loved ones are protected against the financial consequences of the unfortunate circumstance of premature death or serious illness / accident.
We also work very closely with business owners and company directors to ensure their business and families are well protected should the death or serious illness of a company owner / director / valued employee occur.
Life Insurance Agency
Address: 7 Douglas Rd, Bacup OL13 9PR
Review Score: 5
Number of Reviews: 3
How Did You Pick The Best Mortgage Advisors In Bacup?
We started with a dataset of 2 listed Bacup mortgage brokers & advisors we could find via Google Maps.
From there, we removed any listing that did not meet the following criteria.
- Had no website
- Had no reviews
- Had an average review score below 4.0
At this point if we had 17 or fewer brokers we listed all of them.
For cities where we were left with more than 17 brokers we made further revisions by either increasing the required review score (e.g. going from a minimum of 4.0 to 4.9) and/or increasing the minimum number of required reviews (e.g. going from at least 1 review to at least 10).
In our view a broker which has 100 5* star reviews is likely more accurate than one which only has a single 5* review.
Note we only used review data from Google Maps and not any other third-party websites.
How much do Bacup mortgage brokers charge?
Mortgage brokers in Bacup will most likely charge based on either a fee or commission structure.
It’s important you ask how they’ll get paid before choosing them as it may affect what products you’re offered and how much you ultimately end up paying.
According to Unbiased the average fee in the UK is £500, while the average commission is 0.35% of loan size. Or £350 per £100k borrowed (although you most likely won’t pay this directly).
For more you can also read out guides:
- How much do mortgage advisors & brokers cost?
- How do mortgage brokers & advisors get paid?
Can all the Bacup mortgage brokers listed above help me with my mortgage needs?
That depends on what you’re looking for. Most mortgage brokers tend to specialise in a particular section of the mortgage market.
Therefore while a residential mortgage broker might be able to help you secure a buy to let mortgage it might not be the best one on the market.
Find the right mortgage advisor for any type of mortgage including:
- Buying Your First Home
- Moving Home
- Buy To Let
- Buying A Second Home
- Bad Credit
- High LTV
- Equity Release