Fees. Mortgage brokers might charge you for their service depending on the product you choose or the value of the mortgage. Others will be free to you but they’ll receive commission from the lender. They should tell you up-front how much you will pay for their services.

Do mortgage brokers give advice?

While the best mortgage brokers will have a good idea of what works well through their experience with other clients they have helped, they are not allowed and should never give advice on the matter. Mortgage brokers can advise you on debt structuring to suit your specific needs at the time.

Which is the best mortgage for a professional?

A new range of mortgages offering up to 5.5 times the borrower’s salary has been launched by Clydesdale Bank Intermediaries. Newly qualified professionals, including architects, dentists and vets, could borrow substantially more than the more common guideline of 3-4.5 times their annual income.

Can a mortgage broker help you find a good deal?

Mortgage brokers are regulated and can usually offer free, impartial advice to help you find the best deal for you. But what are the drawbacks? And can you find a great mortgage deal yourself? What is a mortgage broker?

Are there any professional mortgages in the UK?

PROFESSIONAL MORTGAGES. Some UK lenders offer professional mortgages, with special terms available for qualified accountants, actuaries, solicitors, dentists, doctors, pharmacists and teachers.

Do you have to pay for a mortgage broker?

Some mortgage brokers off their services for free, but they will take their payment as commission from the mortgage lender. Are mortgage brokers independent and impartial? Despite regulations requiring mortgage brokers to give you the most suitable deal for you and your financial situation, that only applies to the range of mortgages they offer.