In recent years, Independent Financial Advisors (IFAs) have already been used by lots of people instead of mortgage brokers. The primary reason for this is that you will find a crossover between your services they offer.IFAs and mortgage brokers usually receive their qualifications from exactly the same few training institutions. Whenever a person receives their qualification in another of these fields they just need to complete a reduced number of exams to receive the other qualification.This is one indication that mortgage advisors and IFAs undertake similar activities.Because mortgage repayment costs account for the largest expense in a standard household, getting the right product is seen as a necessary element to prudent financial planning.It is that is why, more than anything else, that people have already been embracing their financial advisor to source the right mortgage deal for his or her needs. Many IFAs could have completed the qualifications and training necessary to become a mortgage broker and will be able to assist their clients in obtaining a home loan easily.Mortgages are also interlinked with insurance.  financial advisers oxford  will most likely require some kind of insurance to cover the function of the mortgagor being unable to meet their obligations due to accident, sickness, or unemployment.IFAs have an in-depth knowledge of the insurance market and will therefore offer advice such matters whenever a client applies for a mortgage with them. Many home loans also offer insurance products to their clients as an additional service.Even though your IFA does not provide a mortgage broking service, it is likely that they will have the ability to refer you to a person who they regularly put their clients' business through.However they quite often do offer both services so if you already have an IFA and are looking for mortgage advice, it could not be necessary to seek out the services of a separate mortgage broker.