A mortgage broker acts as an intermediary between you and potential lenders. They assess your financial situation, help you understand your options, and connect you with a loan that suits your needs. Brokers often have access to multiple lenders, which can provide you with a variety of loan products and potentially more suitable rates.

Mortgage brokers are typically paid a commission by the lender after the loan is finalized. This commission is usually a percentage of the loan amount. In some cases, borrowers may pay the broker directly through upfront fees.

This means that the client does not have an out of pocket expense.

• Access to multiple lenders: Brokers can shop around for more favourable rates and loan terms.
• Personalised guidance: They can help navigate the mortgage process and find options tailored to your financial situation.
• Time savings: Brokers handle much of the research, paperwork, and communication with lenders.

Yes, brokers often work with a variety of lenders, including those specialising in loans for borrowers with less-than-perfect credit. They can help find options you may not be aware of on your own.