When it comes to buying a home-or remortgaging-there’s no shortage of decisions to make. Fixed rate or tracker? Two years or five? Go direct to a lender or speak to a mortgage broker or adviser?
One question we hear a lot at Brancaster House Financial Planning is:
“Is it worth using a mortgage adviser—and how much do they charge?”
It’s a fair question. Mortgages are one of the biggest financial commitments most of us ever make, and in today’s climate of rising rates and changing rules, it’s more important than ever to feel confident in your decisions.
In this article, we’ll explain what mortgage advisers do, what they typically charge, and—most importantly—why the value they offer often goes far beyond the fee.
What Does a Mortgage Adviser Actually Do?
A mortgage adviser (or broker) helps you find the right mortgage for your needs. That might sound straightforward, but the reality is often far more involved.
Here’s what a good adviser brings to the table:
1. Whole-of-market access
Rather than being tied to one lender, an independent adviser can search across a wide range of providers—including some that don’t deal directly with the public.
2. Understanding your personal situation
They’ll take time to understand your income, expenses, credit history, employment type, and future plans. That way, they’re not just finding you a deal—they’re finding the right deal for you.
3. Helping you prepare the paperwork
From payslips and bank statements to tax returns and ID checks, a broker will guide you through the paperwork and help you avoid unnecessary delays.
4. Keeping things on track
Once the application is submitted, they’ll chase it up, deal with any queries from the lender, and keep you informed every step of the way.
5. Looking at the bigger picture
At Brancaster House, we look at how your mortgage fits into your wider financial plan—whether that’s saving for retirement, helping your children, or managing other borrowing.
So… How Much Does a Mortgage Adviser Charge?
This depends on a few factors, but here’s a rough guide to what you might expect:
Some advisers are free to you
Many advisers are paid a commission (also known as a procuration fee) by the lender when your mortgage completes. This is typically between 0.3% and 0.5% of the loan amount. In some cases, the adviser won’t charge you anything on top.
Others charge a fixed fee or percentage
This could be:
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A flat fee (e.g. £295 or £495)
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A percentage of the mortgage (e.g. 0.3%)
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A combination of a smaller fee plus commission from the lender
At Brancaster House, we’re fully transparent with our fees from the outset. You’ll know exactly what you’ll pay (if anything), and when, with no hidden surprises.
“Why Would I Pay a Fee When I Can Go to the Bank for Free?”
This is a common question—and an understandable one. But here are a few important points to consider:
1. Going direct limits your options
If you only go to your bank, you’re only seeing what they offer. That’s a bit like walking into one shop on the high street and buying the first coat you try on. You might get lucky—but you might not.
An adviser will compare deals from across the market, potentially saving you thousands over the life of the loan.
2. Your situation might not be ‘standard’
If you’re self-employed, have multiple income sources, a less-than-perfect credit score, or are looking at something slightly outside the norm (like a buy-to-let or shared ownership scheme), an adviser can find lenders who are more likely to say yes—and explain why.
3. The true cost of the wrong deal is often far higher than the adviser’s fee
Overpaying by even 0.5% on your interest rate could cost you thousands. A fee of a few hundred pounds pales in comparison if it gets you a better rate, a more flexible product, or approval where others said no.
Real-Life Example: Chris & Emily from Norfolk
Chris and Emily were first-time buyers with modest deposits. They’d spoken to their bank, who offered a fixed-rate deal that felt OK—but not amazing. A friend recommended they speak to a broker first, “just in case.”
They got in touch with us here at Brancaster House. After a chat, we found a lender who offered a better rate, with lower upfront fees, and was happy to work with their blended income (Chris was employed, Emily self-employed).
Is a Mortgage Adviser Worth It?
We genuinely believe the answer is yes—especially in today’s market.
Here’s why:
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Rates change fast A broker can help you move quickly and lock in deals before they disappear.
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Rules are getting stricter Lenders look at affordability, credit history, and income in more detail than ever. Having someone guide you through the process reduces the risk of being turned down or delayed.
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You get personal advice It’s not just about finding the cheapest rate. It’s about making sure the product suits your life plans—whether that’s overpaying, moving in a few years, or reducing your term.
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It saves you time and stress Instead of juggling forms, chasing lenders, and trying to understand what an ERC or LTV really means, you’ve got someone doing it all for you.
Choosing the Right Broker for You
Not all mortgage advisers are created equal. If you’re considering using one, here are a few things to check:
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Are they independent or tied to one or a handful of lenders?
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Do they charge a fee, and if so, how much and when?
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Do they explain things clearly, without jargon?
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Can they support you throughout the process, not just at the start?
At Brancaster House, we’re not a call centre or a comparison site. We’re a local team offering advice that’s tailored, professional, and grounded in the real world. Whether you’re buying your first home, moving up the ladder, or just looking for a better deal, we’re here to help.
Final Thoughts: You’re Not Just Paying for a Mortgage—You’re Paying for Peace of Mind
The value of a mortgage adviser isn’t just in finding you a deal. It’s giving you confidence. Confidence that your mortgage fits your life, that your paperwork’s in order, and that someone is in your corner from start to finish.
And in a market where rates can jump overnight, affordability rules change regularly, and even “simple” applications can feel anything but—that peace of mind is worth every penny.
Thinking about a mortgage or remortgage?
Let’s chat. We’ll talk you through your options, outline any costs upfront, and help you decide if working with a broker is right for you.
