Frequently Asked Questions

(FAQs)

Whole of market mortgage broker

Mortgage Broker

  • What does a mortgage broker actually do?

    A mortgage broker lets you look at the whole mortgage market instead of going directly to one bank. They examine your situation, choose lenders that are a good fit for you, and take care of much of the application procedure for you.

  • What is a mortgage advisor?

    A mortgage advisor can help you understand your mortgage alternatives and what they mean for you over time. Their priority is cost, payback arrangement, and appropriateness, rather than just approval.

  • What does a Financial advisor do?

    A financial advisor looks at your overall financial position. This may include savings, pensions, investments, and future plans. Their responsibility is to ensure that a mortgage fits smoothly into your overall financial picture.

  • What is the difference between a mortgage broker and a mortgage advisor?

    Yes. A mortgage broker is usually tasked with sourcing and arranging the mortgage itself. A mortgage advisor’s primary role is to provide guidance and make decisions. One individual may serve in both capacities in certain situations, but the duties are not the same.

  • When should I speak to a mortgage advisor?

    Early engagement with a mortgage advisor can be quite useful. This allows you to determine how much you can pay and avoid a mortgage that may later feel restrictive.

  • When should a financial advisor be involved?

    A financial advisor is most useful when your finances are complicated. This may include having various sources of income, arranging long-term investments, or preparing for future financial commitments in addition to a mortgage.

  • Can a Mortgage broker help with more complex situations?

    Yes. A mortgage broker often works with self-employed applicants, contractors, or buyers with non-standard circumstances. Their experience lies in knowing which lenders are more flexible and which are not.