Mortgage broker

Buying a home follows the same basic journey for almost everyone: work out what you can afford, get a Decision in Principle, find a property, apply for your mortgage, get it valued, wait for underwriting, receive your offer, instruct a solicitor, exchange contracts, then complete. Ten stages, one after another, and once you know what…

Yes, in most cases, using a mortgage broker is worth it, though how much it helps depends on your situation. If you are self employed, have irregular income, a limited or poor credit history, or are looking at an unusual property, a broker can genuinely widen your options and improve your chances of being approved….

An independent broker can search most of the mortgage market on your behalf. A tied adviser can only offer you products from one lender, usually the bank or building society that employs them. Neither is automatically the wrong choice, but the difference genuinely affects what deals you get to see. If you want to understand…

A good broker checklist covers three things. Who they are, how they are paid, and whether their recommendation genuinely suits your situation. In short, before you commit to a broker, it is worth asking about: If you want the full list of questions to ask a mortgage broker, along with why each one matters, this…

Most mortgage brokers are paid a commission by the lender once your mortgage completes. Some brokers also charge you a fee on top of that. Either way, a broker must tell you clearly how mortgage brokers get paid before you agree to work with them. In short: If you want to know exactly how mortgage…

A mortgage broker compares mortgage deals from different lenders, checks which ones you are likely to be accepted for, and handles the paperwork for you from your first chat right through to completion. In short: If you are wondering whether a broker is even worth using, or what they actually do all day, this guide…