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What is a mortgage broker?

A mortgage broker helps to arrange a mortgage between a borrower and a lender. With access to the borrower’s key financial information, they’re able to advise on which mortgages are most appropriate. Drawing on networks of lenders, they aim to find the best mortgage deals for the needs of their clients and see them through to completion. 

 

Why use a mortgage broker?

There are several advantages to using a mortgage broker. Here are the main ones: 

 

How to find a mortgage broker 

There are several things to consider when searching for a mortgage broker. Be sure to bear these points in mind: 

 

How much does a mortgage broker cost? 

According to the Money Advice Service, the average cost for a mortgage broker is around £500. This figure varies between brokers and depends on what services they offer as well as how they charge. These are the main ways that brokers earn a fee:

 

If you’re currently searching for an expert mortgage advisor, get in contact with IMC Financial Services. With over 20 years of experience and an extensive network of lenders, our mortgage brokers will be able to find a mortgage deal to suit any circumstance – from buying your first property to adding to your property investment portfolio. 

 

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