Question 1

What does a mortgage broker do?

Accepted Answer

A mortgage broker compares mortgages from multiple lenders, recommends options that fit your circumstances, and supports you through the application process to completion.

Question 2

How much deposit do I need for a mortgage?

Accepted Answer

Many lenders offer mortgages from a 5% deposit, but a 10%–15% deposit usually gives you better rates and more lender choice. The right option depends on affordability, credit profile and lender criteria.

Question 3

Do mortgage brokers save you money?

Accepted Answer

Mortgage brokers can often save you money by comparing the total cost of mortgages (rate plus fees), matching you to suitable lenders, and helping you avoid costly delays or unsuitable applications.