Do You Have Any Queries?

1. What does a mortgage broker do?
A mortgage broker acts as a middleman between you and lenders, helping you find the most suitable mortgage deal based on your financial situation and goals.

2. Why should I use a mortgage broker instead of going directly to a bank?
Brokers have access to a wide range of lenders and exclusive deals that may not be available directly to the public. We also handle the paperwork and guide you through the process from start to finish.

3. How much can I borrow?
This depends on your income, expenses, credit history, and deposit size. Most lenders offer between 4 to 4.5 times your annual income, but this can vary.

4. What is a Decision in Principle (DIP)?
A DIP is a statement from a lender indicating how much they might be willing to lend you, based on a basic assessment of your finances. It’s useful when house hunting.

5. What types of mortgages are available?
There are fixed-rate, variable-rate, tracker, offset, and interest-only mortgages. I’ll help you understand the pros and cons of each and find the best fit for your needs.

6. Can I get a mortgage with bad credit?
Yes, there are specialist lenders who cater to clients with less-than-perfect credit. I can help identify the right options and improve your chances of approval.

7. How long does the mortgage process take?
Typically, it takes 2 to 6 weeks from application to offer, depending on your circumstances and the lender’s processing times.

8. What fees are involved?
Fees can include arrangement fees, valuation fees, legal costs, and broker fees. I’ll provide a clear breakdown so there are no surprises.

9. What documents will I need?
Usually, you’ll need proof of income, bank statements, ID, and details of any debts or financial commitments.

10. Can I repay my mortgage early?
Many mortgages allow early repayment, but some may charge an early repayment fee. I’ll help you understand the terms of your deal.