Questions and Answers with an Aaron O’Donnell – Fresh Preferred Mortgage Broker
In this short Q&A, we answer some of the most common questions people ask when arranging a mortgage. Whether you’re a first-time buyer, home mover, landlord, or looking to remortgage, this guide explains how a mortgage broker can help and what to expect from the process. Let’s get started!
What does a mortgage broker do?
A mortgage broker acts as an intermediary between you and mortgage lenders. They assess your circumstances, search the market for suitable mortgage products, and recommend options that fit your needs. A broker also manages the application process, liaises with lenders, and helps progress your mortgage through to completion.
Why should I use a mortgage broker instead of going direct to a bank?
Using a mortgage broker gives you access to a much wider range of mortgage products than most people can find on their own. While banks only offer their own deals, a broker can compare multiple lenders, including those not available directly to the public. Brokers also understand lender criteria, helping avoid declined applications and saving you time, stress, and potentially money.
Do mortgage brokers have access to better deals?
Often, yes. Many brokers have access to exclusive rates or products that are not available on the high street. Even when rates are the same, a broker can help identify lenders with more flexible criteria, better incentives, or lower overall costs depending on your situation.
How much does a mortgage broker charge?
This varies depending on the broker and the complexity of the case. Some brokers will charge a flat fee, while others may charge a percentage of the loan. The mortgage lender will also pay a commission to the mortgage broker called a Procuration fee. Any fees should always be clearly explained upfront before you proceed.
Can a mortgage broker help first-time buyers?
Absolutely. First-time buyers often benefit the most from using a mortgage broker. A broker can explain the full process, help you understand deposits, credit requirements, government schemes, and affordability, and guide you step-by-step from initial agreement through to completion.
What information do I need to provide to a mortgage broker?
Typically, you will need:
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Proof of income (payslips or accounts if self-employed)
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Bank statements
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Identification documents
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Details of your deposit
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Information about existing credit commitments
Your broker will advise exactly what’s required based on your circumstances.
Can a mortgage broker help if I’m self-employed?
Yes. Self-employed mortgages can be more complex, but a broker knows which lenders are best suited to contractors, sole traders, and company directors. They can help present your income correctly and match you with lenders that understand self-employed applicants.
What if I have a poor credit history?
A mortgage broker can still help. They will assess your credit profile and identify lenders who are more flexible with historic credit issues such as missed payments, defaults, or CCJs. Applying to the right lender first time is crucial, and a broker helps avoid unnecessary rejections.
Can a mortgage broker help with remortgaging?
Yes. Brokers regularly help clients remortgage to secure a better interest rate, reduce monthly payments, release equity, or move to a more suitable product when an existing deal ends. Many clients review their mortgage every few years to ensure they’re still on the best deal.
Do mortgage brokers help buy-to-let landlords?
Yes. Mortgage brokers assist landlords with buy-to-let purchases, remortgages, portfolio lending, and limited company mortgages. They understand rental income calculations, lender stress tests, and tax considerations that affect landlords.
How long does the mortgage process take?
Timescales vary depending on the lender and complexity of the case, but typically:
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Agreement in Principle: same day to a few days
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Full mortgage offer: 1–6 weeks
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Completion: dependent on solicitors and the property chain
A broker helps keep the process moving by liaising with lenders and other parties.
Is a mortgage broker regulated?
Yes. Mortgage brokers are regulated and must meet strict professional and compliance standards. They are required to act in your best interests and provide clear advice and documentation throughout the process.
When is the best time to speak to a mortgage broker?
As early as possible. Speaking to a broker before viewing properties helps you understand your budget, strengthens your position with estate agents, and ensures you are fully prepared when you find the right home.
Final Thoughts
Using a mortgage broker provides expert guidance, access to a wide range of lenders, and reassurance throughout one of the biggest financial decisions you’ll ever make. Whether you’re buying your first home, remortgaging, or investing in property, professional mortgage advice can make the process smoother, faster, and more cost-effective.
If you would like a direct intoduction into Aaron and his services, please just email us at sales@freshsales.co.uk or speak to our Sales Team on 01792 464757 (Option 1) and we will be pleased to introduce.