The 6 Most Important Questions You Must Ask Your Specialist Mortgage Broker

Hiring a mortgage broker can help you with your mortgage. They will help you negotiate with lenders and ensure you get the best possible interest rate and loan term. At the same time, how much you can benefit depends on your mortgage broker. So before you work with a Specialist Mortgage Broker in London , here are a few questions you must ask them. Are You Regulated? Today, all mortgage brokers must be regulated by the FCA. In the past, unregulated Specialist Mortgage Broker in London has caused borrowers to get mortgages with terrible deals. These increased rates, while it closes the deal quickly, can be very difficult to pay. It resulted in serious consequences. Ensure that your Specialist Residential Mortgage Broker in London is regulated to avoid getting caught in the trap. You can check the online register to determine if the broker or chosen mortgage broking firm is regulated and licensed. The Broker’s Fees The brokers' fees are a part of the mortgage and are paid...