Cashback Remortgages · Choosing advice
Understanding Your Suitability Report
When an adviser recommends a mortgage, you should receive a suitability report explaining why it fits your needs. It is an important record.
What it should cover
A suitability report sets out the recommended mortgage, why it suits your circumstances and objectives, and the key features and costs. It should be in plain language you can understand.
Read it and query anything that does not match your understanding.
Why it matters
It documents the advice given and helps you make an informed decision. Keep it with your mortgage paperwork for future reference.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.