What is a mortgage broker?

A mortgage broker is someone who helps you to find the right mortgage and applies for it for you, dealing directly with the lender. That’s right – we do all the paperwork. When you go to a bank or building society, you are only dealing with one lender. A mortgage broker deals with multiple lenders, including those not on the high street, so they are able to find you the most right deal, interest rate and lending terms.

What does a mortgage broker do?

As well as helping you find the right deal from the thousands of mortgage products on the market, we help you with the process. This means, as your mortgage broker, we do all the paperwork and advise you of the process every step of the way, keeping you updated with progress to make the whole mortgage journey completely painless and stress-free.

What fees do you charge?

There are no hidden fees for using our full mortgage broker service and our initial advice is completely free. We are upfront about the fact that, depending on your circumstances, we may charge a fee, as well as receive commission from the lender or provider, usually a percentage of the amount you borrow, which is paid directly to us by the lender or provider. We do not charge any fees for arranging any insurance products.

What are the types of mortgages I can have?

There are many different types of mortgages available on the market and your broker will be able to advise you which is the right for you. From buy to let mortgages to mortgages for those with bad credit and remortgages, there is a mortgage product to suit every life situation.

When it comes to interest rates, there are two main types of mortgages:

  • Fixed rate mortgage where you pay a fixed amount, at a fixed interest rate for a period of time, say for one, two or five years
  • Tracker mortgage where the interest rate changes with the bank rate - your payments can vary from month to month 
Will my poor credit history affect my mortgage application?

We arrange mortgages for people with bad credit history every day. It can be more difficult to get a mortgage with poor credit history, but not impossible. Our mortgage advisers will be able to help you see what deals are available to you to fit your circumstances.

How do I find out how much I can borrow?

If you’re already house-hunting, you’ll be eager to know how much you can borrow and also how much the repayments will be. The amounts depend on your income and expenditure, and also how much deposit you’re planning to put down on the property. Use our quick mortgage calculator to find out here.

Do I need insurances with a mortgage?

Yes. You will always need buildings insurance for every property you buy. But we also advise you to take out contents insurance too to protect you from any loss, damage and theft.

You could also benefit from many other insurances as a homeowner. We will be able to advise you. Critical illness, life insurance, income protection, landlord insurance, and many others, are all insurances that may be relevant to you.

Do all mortgage brokers do the same thing?

The short answer is no. Some mortgage brokers specialise in certain types of mortgages, for instance, mortgages for people who are self-employed, mortgages for landlords, i.e. buy to let mortgages, and mortgages for those with bad credit.

At Mortgage Advice Hub, our brokers are specialists across a range of mortgages, and can access thousands of products, so whatever your circumstances, and whatever mortgage you need, we can help you.

Why are all your reviews five star reviews?

The truth is, we give such a great service to all our customers, that we consistently receive five star reviews from them. Every single one is a story of personal mortgage success and we really value and appreciate them all.

You can be assured when you work with one of our mortgage advisers at Mortgage Advice Hub, that you will receive the same five star service as all our other happy, property owning customers.

Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.