FAQ
How do I pay for your services?
We charge a fee upon completion, based on your personal circumstances. Your initial consultation is completely free – we only charge when you see results.
What insurance do I need?
Mortgage providers require buildings insurance as a condition of the loan. We can also advise on other relevant insurance options.
Is my home at risk if I miss repayments?
Yes, your home could be at risk. If you’re struggling, contact your lender immediately. They may offer solutions like a payment holiday or revised repayment plan.
Can I move house and keep my mortgage?
Some lenders offer mortgage portability, allowing you to transfer your current deal and remaining term to your new property.
Do I have to pay any fees upfront?
MFB does not charge upfront fees. However, some lenders may charge arrangement or booking fees at application. These are often non-refundable.
How much deposit do I need?
This varies depending on your lender and situation. While 100% mortgages are rare, 95% mortgages are available with some lenders.
How much can I borrow?
Lenders will assess your affordability based on income and outgoings. This includes salary, second income, and regular expenses.
What are the benefits of using MFB instead of going direct?
- Faster decisions and personalised service
- Access to exclusive broker-only products
- Pay only when results are delivered
- Whole-of-market advice
- Support from experienced advisers and admin staff
- Flexibility to change lenders if needed
Do I need a broker, or can I apply myself?
You can apply directly, but the mortgage market is complex. Lenders vary in criteria, and many deals aren’t listed on comparison sites. A broker helps you find the best match.
Am I eligible for a mortgage?
Eligibility depends on your personal circumstances. We’re happy to assess your situation and offer advice – free of charge.
How do I get more information?
Visit our contact page and one of our experienced advisers will be in touch shortly.