Question 1

What does a mortgage broker do?

Accepted Answer

A mortgage broker searches the market on your behalf to find the most suitable mortgage deals. Instead of being tied to one bank, we have access to multiple lenders, saving you time, hassle, and often money.

Question 2

Do you charge a fee?

Accepted Answer

Our initial advice is free and without obligation. If a fee applies, we’ll be upfront and clear about it before you proceed.

Question 3

What’s the difference between going direct to a bank and using a broker?

Accepted Answer

Banks can only offer their own products. A broker searches the whole market, comparing deals from many lenders. That means you’re more likely to get the right deal for your circumstances.

Question 4

Can you help if I have bad credit?

Accepted Answer

Yes. There are specialist lenders who consider applications from people with adverse credit. We’ll review your situation and let you know your options.

Question 5

As a First Time Buyer, how much deposit do I need?

Accepted Answer

Typically, first-time buyers need at least 5–10% of the property’s value, though this can vary depending on the lender and your circumstances.

Question 6

How long does the mortgage process take?

Accepted Answer

From application to offer, it usually takes 2–6 weeks, depending on the lender and how quickly documents are provided.

Question 7

Can you help with remortgaging?

Accepted Answer

Yes. If your current deal is ending, we can review the market and help you switch to a more competitive rate.

Question 8

Do you only deal with mortgages?

Accepted Answer

We also advise on protection, including life insurance and income protection, so you can safeguard your home and family.   In addition, we can also help with property surveys, solicitors and buildings and contents cover.

Question 9

Are you regulated?

Accepted Answer

Yes. We are an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the FCA. which means we must follow strict rules designed to protect you.

Question 10

What documents will I need for a mortgage application?

Accepted Answer

This will vary, depending on your circumstances.  However, we will usually require some or all of the following:

Proof of income (payslips or tax returns)
Bank statements
Details of any credit commitments - credit report is useful

Question 11

Can you help landlords and buy-to-let mortgages?

Accepted Answer

Yes. We work with investors of all sizes, from first-time landlords to those with large portfolios.

Question 12

Do you only cover Halifax, or can you help anywhere in the UK?

Accepted Answer

We help clients across the UK. Meetings can be done online or over the phone.

info@oscargrace.co.uk

0345 066 0405

Frequently Asked Questions