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Mortgage Broker
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Who are the mortgage brokers considered as homebuddy partners?
We have several brokers working with us and these will depend on the area where you live. We are conscious that we want to keep services local and will use reasonable endeavours to ensure that you are speaking with local mortgage brokers.
Are your brokers tied to any particular bank or lender ?
No. Our brokers are completely independent. This means they have full access to the market giving you much more choice.
Why use a broker?
There are many reasons why you may instruct a broker, it may be for ease and convenience or you are seeking professional help, but one of the main reasons man chose a broker would be that mortgage brokers may be able to access cheaper mortgage rates. Cheaper mortgage rates will often mean cheaper monthly payments.
How do I apply for a mortgage?
You can speak with our specialist homebuddy mortgage brokers who can provide you with a range of mortgage options available to your personal circumstances.
How much deposit do I need?
This will depend on you’re the mortgage you acquire, however, some lenders may accept as little as between 5% - 10% but this is dependent on the lender and the relevant market conditions.
How much can I borrow?
This will depend on your personal circumstances. You can use our mortgage calculator for a rough estimate but why not speak to one of our homebuddy mortgage broker partners who will be able to provide you with a more accurate figure.
Can I have different options from different lenders ?
Yes, our homebuddy mortgage brokers will provide you with a non-biased look at the market and will provide you with the options that best suit your financial situation.
Do I need to pay for the use of the mortgage broker?
Yes. Most mortgage brokers will charge a fee for their service. However, each mortgage broker who is a homebuddy partner has reduced their fees for homebuddy members and those fees will be competitive for the area in which you live.
What is a mortgage in principle?
A mortgage in principle, or sometimes known as a decision in principle is essentially a statement from a bank or other lender, confirming that they are willing to lend you a certain amount of month to buy a property and this statement would often be given before completion of the transaction.
Do I need a mortgage in principle before making an offer?
The short answer is no. However, some sellers may prefer to see a mortgage in principle prior to acceptance, or if there is more than one offer available to them, they may accept the offer from the party with the mortgage in principle.
