Choosing the right mortgage is one of the most important financial decisions you’ll ever make. That’s why having the support of a knowledgeable adviser is essential. Before committing, it helps to prepare a set of mortgage broker questions in South London so you can be confident your broker is acting in your best interests.

As local specialists, we understand that clients want clear advice and honest guidance. Below, we’ve outlined the key questions for broker South London buyers should ask, along with tips to help you make the most informed choice.

If you’d like to speak to us directly, call us on 020 8528 2251 or email us at hello@conranmortgages.co.uk.

“The right questions can save you money, time, and stress. A trusted broker will welcome your curiosity—because transparency builds confidence.”

Why Asking The Right Questions Matters

Not every mortgage broker works in the same way. Some charge fees, others are commission-based, and some only work with a panel of lenders rather than the whole market. By using a Mortgage Broker in South London, you benefit from local expertise and insight into lenders who are more likely to support buyers in this area.

Asking the right questions helps you:

• Compare advice across brokers.
• Understand fees clearly.
• Avoid unsuitable deals.
• Build trust before making a commitment.

A thoughtful approach, backed by a mortgage broker checklist tips South London, makes the difference between a stressful process and a smooth one.

1. Do You Cover The Whole Of Market?

Some advisers are tied to a limited number of lenders. Others, like us, cover the whole of market, which means you get access to a much wider choice of products. This question helps you understand whether your broker is giving you independent advice or steering you towards selected lenders.

2. What Fees Do You Charge?

Transparency is key. Some brokers charge flat fees, while others work on commission. Always ask for a full breakdown so you know what you’ll be paying and when. A good local advisor will explain whether their advice fee is fixed, percentage-based, or included within the mortgage deal.

3. How Much Can I Borrow?

This is usually the first concern for buyers. Your broker should assess your income, outgoings, and credit profile to give a realistic figure. Be cautious of anyone who promises high borrowing without checking your financial situation thoroughly.

4. Which Lenders Are More Flexible With Buyers In South London?

Every lender has different criteria. Some prefer professionals, some are stricter with self-employed applicants. A broker with local knowledge understands which lenders are more open to South London buyers and which are more rigid. This is where experience really counts.

If you are a freelancer, you may also find our guide on How To Secure A Mortgage In South London As A Freelancer helpful.

5. What Deposit Will I Need?

Your deposit size impacts both your borrowing power and interest rate. A well-prepared mortgage broker checklist tips South London should include an explanation of how deposits affect your application and whether you may qualify for schemes like Help to Buy or shared ownership.

 6. Can You Explain The Process Step By Step?

The mortgage journey can feel overwhelming—especially for first-time buyers. A reliable broker should walk you through each stage, from Decision in Principle to final completion. This is one of the most important broker tips because it ensures you remain informed and confident at every stage.

7. How Long Will The Process Take?

Mortgage approvals vary depending on the lender, your circumstances, and property type. By asking this, you gain a realistic timeline. It also helps you plan around moving dates and legal checks. A broker who avoids clear answers may not be the right fit.

FAQs

Is It Worth Paying For A Mortgage Broker?

Yes. A good broker saves you time and can often secure exclusive deals not available on the high street. Even if a fee applies, the savings on your mortgage rate can outweigh the cost.

How Many Brokers Should I Speak To?

It’s sensible to compare at least two. This allows you to judge service, advice quality, and fees. Using prepared interview prep questions will help you compare fairly.

Can I Change Brokers Midway?

Yes, though it may slow down your application. If your current adviser isn’t meeting expectations, switching to a more experienced team can prevent costly mistakes.

Conclusion

Asking these seven questions ensures you get transparent, honest, and practical guidance. The right Mortgage Broker South London will listen carefully, explain clearly, and work to secure you the best possible deal. At Conran Mortgages, we pride ourselves on being trusted local advisors who simplify the process and give you confidence at every stage.

If you’re ready to begin, contact us today on 020 8528 2251 or email hello@conranmortgages.co.uk. We’d be delighted to support your journey.