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Mortgage Guide
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Finding
your Mortgage
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What do Mortgage Brokers Charge?
A Mortgage Broker will usually see you free initially and then charge either an hourly fee – from £50 to £150 (typically £75) plus VAT – or you can agree on them taking a commission.
By law, all authorised Mortgage Brokers must explain their charging policy on your first meeting.
This will be set out in an Initial Disclosure Document which you should be given. It must state what you will have to pay for the service and explains whether the firm will refund a fee in any circumstances.
The commission normally comes from the company providing the mortgage the Mortgage Broker has recommended to you.
If you pay by commission, the Mortgage Broker has to reveal what it is.
When recommending a mortgage, the Mortgage Broker has to outline why they are recommending this - using the Key Facts Illustration (KFI).
This KFI document includes details on the recommended mortgage and how much the broker's fee or any commission will be.
See Paying by Fees or Commission
To read more on this subject please see the list below or your mortgage guide or your home buying guide
Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below
More About UK Mortgage Brokers
What Type Of Mortgage Advisers / Brokers Are There?Which Type of Mortgage Broker Is Best For You?
How Do I Find A Mortgage Broker?
Questions To Ask Your Mortgage Broker
The Keyfacts and Initial Disclosure Documents
Mortgage Broker Qualifications
Who Regulates Mortgage Brokers?
How To Check Up On A Mortgage Broker
Complaining About Mortgage Brokers
The new regulations – an overview
Read On about How to Find your Mortgage
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through an Estate Agent
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Read On / Mortgage Guide
Choosing
Your Mortgage
Types of UK Mortgages
Remortgaging
Where to Get Your Mortgage
Getting Mortgages in Principle
Read On
Guide to Buying Home in the UK
Guide to UK Home and Mortgage Insurance
Read more about Finding Your Mortgage
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See contents of Home Buyers Guide
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How to get a Mortgage
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Mortgage
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How
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Types of Mortgage
Where to Find Your Mortgage
Getting a Mortgage in Principle
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