Mortgage broker
Free mortgage
broker
We’ll get you the perfect
mortgage, all for free.
We find your perfect mortgage
We'll help you discover the right mortgage for your dream home! Just share your info and your home preferences, and we'll connect you with a mortgage expert. We have access to almost every mortgage option, including special deals from your bank that they might not tell you about. We're here to make things easy and find the best mortgage options, even the ones your own bank might not mention!
Your team of experts
We fill out all the boring application papers for you, and bug the bank non-stop until you get those keys. Our mortgage professional and case manager stick with you through it all, making sure you always know what's going on.
We guide you through the results
Your case manager, who's there for you the whole time will deal with the boring stuff, the running around and give you a super detailed report about the house you want to buy. And guess what? It matches perfectly with your mortgage, making everything super smooth and quick!
Exchange, get the keys, feel the euphoria of relief
Track everything in your Canvas dashboard up to the very end – and beyond.
Exchange, get the keys, feel the euphoria of relief
Track everything in your Habito dashboard up to the very end – and beyond.
Learn more about mortgage brokers
What is a mortgage broker?
Imagine a mortgage broker as your personal guide to getting the best mortgage. Whether you're buying a home for the first time or switching to a new mortgage, they're like your mortgage superhero.
Your broker gives you awesome advice on which lender to pick and hunts down the coolest mortgage deals just for you. They'll also be your sidekick throughout the process of applying for the mortgage. Brokers don't give out the actual loans, but they make sure you find the right one and get connected to it.
Now, at Canvas, we're not your regular mortgage folks. We're like the ultimate mortgage sidekicks. We can show you almost every mortgage option out there. Plus, we're not just about mortgages – we've got your back for the whole home-buying adventure. We handle the boring legal stuff, check out the property, and of course, the mortgage too. It's like getting everything you need to buy a home, all in one place!
What awesome things can a mortgage broker help you do?
If you're getting a house, a mortgage broker can be like your house-hunting buddy. They help you find the perfect mortgage that fits you just right. This means getting the right money, with good deals, and the coolest interest rates ever. They give you advice that's all about you, and they make sure you have a great chance of getting that mortgage for your new place. Plus, a mortgage broker like Habito will even help you with all the confusing stuff when you're applying for the mortgage – and guess what? It won't cost you a thing!
Why would having a mortgage broker on your team be super cool?
Absolutely! Imagine you're on the hunt for the ultimate mortgage deal. You could just stroll into a single bank and ask about their offer. But wait, there's a twist: you might not know if it's the absolute best deal out there until you've checked out other banks too. That's where a super awesome mortgage deal expert steps in – think of Canvas for mortgages!
You see, some banks only share their most incredible mortgage deals with these experts (just like Canvas with mortgages). So, teaming up with one of these experts could mean saving more money and scoring a sweeter mortgage deal, instead of trying to figure it all out on your own.
Oh, and guess what? If you're feeling worried that snagging that dream home might be tricky because of things like your job situation or credit history, don't sweat it! These mortgage pros will hook you up with tips personalized just for you. They'll spill the beans on which banks totally match your style and what documents you'll need to make your homeownership dreams come true. Pretty cool, huh?
Can mortgage brokers give you loans for buying a house?
Usually, a mortgage broker helps you find the coolest mortgage deals from banks and other places that lend money for homes. But usually, they can't give you a loan themselves – they're like the matchmakers who introduce you to the right lender.
Can mortgage brokers offer mortgage loans directly?
Typically, a mortgage broker will help you source the best mortgage deals from banks, building societies, and other lenders. Most mortgage brokers won’t be able to offer you a loan directly – their job is to connect you to the right lender.
What questions should you ask a mortgage broker?
Mortgage experts are a fantastic source of information and advice for everything related to mortgages, but also the home-buying process. You can ask them about all sorts of things:
-What documents should I gather in advance of a mortgage application?
-How can I increase my chances of being eligible for a mortgage?
-What are the best mortgage options for first-time buyers?
-Which is better for me: a shorter fixed period, or a longer one?
-When is the best time to remortgage in the future?
-How can I get a mortgage if I’m not a UK resident or citizen?
-What will a solicitor or conveyancer do, and how much will it cost?
Can a mortgage broker always find the best deals?
It depends if your broker is whole of market (like we are at Canvas!). Some mortgage brokers only work with certain lenders, or specialise in certain types of mortgages, so have a more limited range of deals to offer you.
Often, yes, a mortgage broker will find you the best mortgage deal. Although sometimes, a bank will offer a special-rate mortgage to its existing customers, which aren’t available through any brokers. It’s always worth asking your bank about this at the same time as speaking to a broker.
Either way, using a mortgage broker (especially when it’s free, like with Canvas) gives you much better context for making a decision. There’s a great chance your broker will uncover a deal that you’ve never seen, and one which beats anything your bank could offer.
How much do mortgage brokers charge?
Let’s get this out of the way: Canvas is 100% free. We collect our fee from the lender, not you.
We offer another service that we do charge for – our home-buying service, where we help you sort the property survey, the mortgage, and the legal work together – everything you need if you’re buying a home.
But if you just need us to help you find the best mortgage deal, we won’t charge you a thing.
Not every mortgage broker is free, though. Some mortgage brokers will want to bill you on an hourly basis. Some charge a flat fee, often split into two parts – the first when you start working with them, and the final when you sign your mortgage agreement with the lender. Expect to pay around £300 for an independent mortgage advisor, but can be lots more.
All mortgage brokers get a commission from the lender once your mortgage is approved and signed for, in exchange for sending a new customer their way. This commission is usually between 0.3% and 0.5% of the mortgage value, and it’s the same amount for all brokers.
Brokers should always be upfront and transparent about how much they charge, but if you’re unsure about anything, it’s best to ask before you sign any paperwork.
What are your rights when using a mortgage broker?
Firstly, you have the right to use any mortgage broker you like. Even if your estate agent recommends a particular broker, you don’t have to choose them if you don’t want to. In fact, going with your estate agent’s broker can be an expensive mistake.
Because mortgage brokers work in a regulated industry, you’re well protected by the law. If they offer you advice that turns out to be false or badly suited to your personal situation, you can go to the Financial Ombudsman to file a complaint and resolve it.
It’s also important to remember that your mortgage is offered to you by a lender, not the mortgage broker. You should review the terms and conditions of the mortgage offer with your broker, and preferably, with another legal professional such as your solicitor.