Is it better to get a mortgage through a broker?

It’s recommended to get a mortgage through a broker. Getting a mortgage broker can be extremely useful and can help you find deals you would not otherwise have access too. It can be especially useful if you are a First Time Buyer as they can walk you through the whole process and help ensure you get the right deal for you.

How much does a mortgage broker cost in the UK?

Usually, a mortgage broker will be paid somewhere around 0.3%-0.5% of the total value of the mortgage. You should check with your broker how much they charge and when they take this payment.

What is a direct-only mortgage deal?

Just as some mortgages are only available through a broker, some mortgage deals are only available if you apply with the lender directly. You may want to research any deals that may be direct-only and compare them to those on offer from your broker before making any decisions.