10 Questions to Ask Your Mortgage Broker Before Signing on the Dotted Line

What are the top 10 questions to ask your mortgage broker before committing yourself to your mortgage?

1. Do you have access to a range of mortgage lenders, or are you set on a fixed panel?

2. How does your fee structure work, and when is the fee payable?

3. Are you listed on the FCA register?

4. How much can I afford to borrow on the mortgage?

5. How much deposit would I need?

6. What fees are payable to the mortgage lender?

7. What documents will you need from me for the mortgage application?

8. Why is this the most suitable mortgage deal for me?

9. Who will I be able to speak with throughout the mortgage process?

10. Can you explain what this means please?

No question is a silly question with the right mortgage broker. A mortgage broker should be happy to answer any questions that you have, and if there is something you don’t understand – be HONEST. This is a big and very important commitment for you, and your mortgage broker should ensure that you are comfortable that you understand the mortgage product being recommended and any other parts of the mortgage process that are relevant to you.