A mortgage broker is a person or company that offers advice on obtaining a mortgage. The broker can then arrange the mortgage between you and your chosen lender.
Mortgage brokers can help you decide which type of mortgage best suits your needs and help identify which mortgage product and lender best meets those needs.
Mortgage brokers can often search the entire market in one go and may even have access to preferential rates.
Most brokers are paid a percentage commission of the mortgage amount, a fixed fee or both.
Chris Salmon, Director
About the author
Chris Salmon is a co-founder and Director of Quittance Legal Services. Chris has played key roles in the shaping and scaling of a number of legal services brands and is a regular commentator in the legal press.