Mortgage broker

A mortgage broker acts as an intermediary who sources mortgages on behalf of individuals or businesses. In competitive mortgage markets many lenders use an array of rate offers and other incentives to attract customers.

To many consumers due to their infrequent purchases of mortgage products the mortgage market may appear confusing and somewhat daunting. A mortgage broker can guide them through the process of selecting a suitable mortgage and offer mortgage and property related financial advice.

For borrowers with poor credit records or other unusual circumstances finding a lender may be difficult and therefore it may be necessary for them to consult a mortgage broker as they will have the specialized knowledge required.