FAQ
What is a mortgage broker and how can they help me?
A mortgage broker acts as an intermediary between you and potential lenders, helping you find and secure the most suitable mortgage deal for your circumstances. They offer expert advice, compare products from multiple lenders, and guide you through the entire application process.
Do I have to pay for mortgage broker services?
Some mortgage brokers charge a fee for their services, while others are paid by the lender. It's important to clarify any fees upfront, so you know exactly what to expect before proceeding.
What documents will I need to provide?
Typically, you'll need to supply proof of identity, recent payslips or proof of income, bank statements, and details of any existing debts or regular outgoings. Your broker will let you know exactly what's required for your application.
How long does the mortgage application process take?
The process can vary depending on the lender and your individual situation, but it generally takes between two to six weeks from application to mortgage offer.
Can I get a mortgage if I’m self-employed?
Yes, self-employed individuals can secure a mortgage, but you’ll typically need to provide additional evidence of your income, such as recent accounts or tax returns. A broker can advise you on the best options for your situation.
Will using a mortgage broker affect my credit score?
Consulting with a mortgage broker shouldn’t affect your credit score. However, multiple applications for credit in a short period can have an impact, so it’s best to have your broker guide you before submitting any formal applications.