Mortgage Broker Fees Explained
Clear, Fair, and Transparent Mortgage broker Fees – Helping You Secure the Best Mortgage Deal in Dorset, Hampshire, and Beyond
Genuine whole-of-market mortgage advice
Access 100+ lenders and 14,000+ mortgage products
Free initial, no-obligation meeting
Zero impact on your credit score
Get started here
At Delta Mortgages, we believe in transparency. Whether you’re a first-time buyer, remortgaging, or moving home, knowing exactly what you’re paying for is essential.
That’s where a whole-of-market mortgage broker comes in (spoiler: we know one).
Unlike some brokers who work on a limited lender panel, at Delta Mortgages, we are whole-of-market mortgage advisers—which means we compare 100+ lenders and over 14,000 mortgage products to find the right deal for you and your unique circumstances.
Below, we’ll explain why mortgage brokers charge fees, what you get in return, and how paying a fair fee can actually save you money (and a lot of stress) in the long run.
Why Do Mortgage Brokers Charge Fees?
At Delta Mortgages, we like to keep things straightforward. Mortgages can be complex, but with experienced guidance, they don’t have to be overwhelming. And just like any professional service—solicitors, financial advisers, or even your favourite barista crafting the perfect latte macchiato with an extra shots and syrup—expertise comes at a cost.
Yes, we do receive commission from lenders, but (and it’s a big but) we’re a whole-of-market broker. That means we’re not tied to a specific lender’s products—we search across 100+ mortgage providers to find the best deal for you, not for them.
Our broker fee ensures that we can devote the time, research, and care needed to find a truly suitable mortgage—not just the first passable option on a lender’s shelf.
Hear from happy people
The Truth About ‘Fee-Free’ Mortgage Brokers
Ooh we all love a bargain. But "free" doesn’t always mean better. Many brokers advertise ‘fee-free’ services, but they must be paid somehow—typically by relying entirely on lender commissions. And while that might seem like a win for you, it can mean:
-
A smaller pool of lenders – Some fee-free brokers only work with a limited panel of lenders, meaning you could miss out on better deals elsewhere.
-
A conveyor belt experience – High-volume, low-service models can feel impersonal, leaving you with unanswered questions.
-
Limited post-offer support – Once your mortgage is arranged, their job is done. They won’t necessarily keep an eye out for future rate drops or help with remortgaging later on.
At Delta Mortgages, we do offer free initial consultations. You can explore your options without any pressure. But if you decide to proceed, our broker fee means more time, deeper market insight, and long-term care—so you’re never left wondering if you could’ve done better.
Are Mortgage Broker Fees Worth It?
Absolutely. A mortgage broker fee isn’t just another cost—it’s an investment in experienced guidance, financial savings, and a much smoother mortgage journey. In most cases, the savings a broker secures on your mortgage far outweigh the fee you pay upfront.
But mortgage brokers do a lot more than just find you a deal.
At Delta Mortgages, we take care of the full picture, not just the paperwork.
That means:
-
Speaking with your estate agent – Making sure everything is progressing smoothly and keeping the property sale on track.
-
Liaising with your solicitor/conveyancer – Helping to keep the legal side of things moving, so you don’t hit delays.
-
Ensuring mortgage underwriters are happy – A crucial step to get your mortgage approved without unnecessary back and forth.
-
Keeping you informed at every stage – No jargon, no uncertainty—just clear updates so you know exactly where things stand.
-
Fighting your corner – If anything needs negotiating, clarifying, or pushing forward, we’re on it (like a Theodore on a puppuccino).
A good mortgage broker doesn’t just secure you a better mortgage rate—they remove the stress, handle the hurdles, and make sure you get the right mortgage, not just any mortgage.
A Mortgage Broker’s Fee Can Pay for Itself
A mortgage broker fee isn’t just an upfront cost—it’s an investment that can save you thousands over time. Even a small improvement in your interest rate can make a huge financial difference.
Example Savings on a £150,000 Mortgage Over Five Years:
-
At 5% interest – Monthly repayments: £877 | Total over 5 years: £52,620
-
At 4.75% interest – Monthly repayments: £854 | Total over 5 years: £51,240
-
Total Savings: £1,380
-
Even if our broker fee was £500, you’d still be £880 better off in just one mortgage term. And since most people remortgage every 2–5 years, the savings multiply over time.
And the best part is that we’re not just here for this mortgage. Oh no, we stick with you for the long run, helping you stay on top of rate changes, market trends, and the best time to switch deals. And better still you won’t even have to lift a finger and we’ll be in touch well before your current mortgage deal expires.
A Transparent Fee, No Nasty Surprises
We say things as they are. At Delta Mortgages we believe in fair and honest pricing, which means:
No hidden charges – What we quote is what you pay.
Clear, upfront pricing – We’ll explain our fee before you commit, so there are no unexpected surprises.
Exceptional service, every step of the way – Our mortgage brokers take care of everything from lender negotiations to chasing solicitors, ensuring a smooth and stress-free mortgage process.
To us a mortgage isn’t just a transaction—it’s a major financial milestone. We’re here to make sure you get it right now and in the future.
Mortgage Broker vs. Going Direct to a Lender
Going straight to your bank might feel like the simplest option, but banks only offer their own mortgage products. That means you’re limited to one lender’s rates, one lender’s criteria, and one lender’s decision, even if there’s a better deal elsewhere.
A whole-of-market mortgage broker (like us 👋) works for you, not for a single lender. We compare the rates and criteria of 100+ lenders and 14,000 products, finding the best fit for your unique circumstances.
Feature | Mortgage Broker | Going Direct to Lender |
|---|---|---|
Personal Advice | Tailored to Your Circumstances | Only Offers Their Own Deals |
Paperwork | Handled for You | You Do Everything Yourself |
Market Insights | Access to the Latest Rates | Limited to Their Own Rates |
Speed | Faster, Streamlined Process | Slower Approvals & Processing |
Choice | 100+ Lenders & Exclusive Deals | Just One Lender’s Products |
TL;DR – Banks offer a single set of mortgage products. Mortgage brokers survey the entire market to find the best deal for you.
Find Moving Home Mortgage Lenders
Access the most competitive mortgage rates for moving home today—tailored to your income and circumstances.
Speak with Delta Mortgages today. With access to 100+ lenders and over 14,000 mortgage products, we’ll take the time to understand your unique situation and match you with the best possible mortgage deal. Already have a mortgage in principle? No problem—it’s always worth comparing to ensure you're getting the best rate.
Independent vs. Tied Mortgage Brokers – Why It Matters
Not all mortgage brokers are created equal. Some are tied to a single lender or a small panel of lenders, meaning they can only recommend mortgage products from those specific providers. And while those products might work okay for your situation, they may not be the best option available to you.
Okay isn’t good enough for us. At Delta Mortgages, we are independent, whole-of-market mortgage brokers. That means:
-
We explore the entire mortgage landscape – Over 100 lenders and 14,000+ deals.
-
We compare thousands of products – Finding a truly suitable match for your finances and goals.
-
We work for you – Our recommendations are based on your priorities, not a lender’s sales targets. A tied mortgage broker can only offer their lender’s products (pfft)
Why This Matters to You
-
More choice, better deals – We don’t push a single lender’s mortgage products. Instead, we compare options across the whole market, including exclusive broker-only deals.
-
Unbiased advice – Because we’re not restricted to a lender’s in-house products, our advice is based on your financial goals, not a lender’s sales targets.
-
Support now and in the future – We don’t just arrange your mortgage and wave goodbye. We monitor the market and ensure you stay on the best deal, helping you switch when better options arise.
Want to talk to an independent mortgage adviser?
Let’s find the right mortgage for you.
What You Need to Know About Mortgage Broker Fees
At Delta Mortgages, we believe in full transparency when it comes to fees—because when you’re making one of the biggest financial decisions of your life, you deserve to know exactly what you’re paying for.
Like most mortgage brokers, we are paid in two ways:
-
A Mortgage Broker Fee – This is what we charge for our experienced, whole-of-market advice, personalised service, and ongoing support. It ensures that we work for you, not just the lenders.
-
A Procuration Fee (Proc Fee) – This is a commission we receive from the lender when your mortgage completes. It’s usually around 0.35% of the mortgage amount, so on a £250,000 mortgage, the proc fee would be £875. This is paid directly to us by the lender when the mortgage completes, not by you.
Some brokers only rely on the procuration fee, but that can mean they need to process a high volume of cases, which where personal service may slip.
Other brokers may charge additional fees, such as:
-
Upfront application fees – Charged just for starting the process.
-
Success fees – Paid upon mortgage approval.
-
Both application and success fees – The dreaded double dip, where you pay at the start and at the end.
At Delta Mortgages, we keep it simple:
Fair and transparent pricing – You’ll always know exactly what you’re paying and why.
Whole-of-market access – We search 100+ lenders to find the best mortgage for you, not just the ones paying the biggest commission.
Exceptional service, every step of the way – Our mortgage brokers take care of everything from lender negotiations to chasing solicitors, ensuring a smooth and stress-free mortgage process.
Making Sense of Mortgage Broker Fees – The Smart Way to Secure the Best Deal
At Delta Mortgages, we understand that mortgage broker fees can sometimes feel like just another expense—but when you consider the long-term savings, tailored advice, and stress-free process, it’s clear that a good broker is worth every penny.
By choosing a whole-of-market, independent mortgage broker, you’re ensuring that you get access to the best mortgage deals available, expert guidance through the application process, and ongoing support to keep you on the most competitive rate for years to come.
If you’re looking for clear, fair, and transparent mortgage advice in Dorset, Hampshire, and beyond, we’d love to help.
Speak to one of our experienced mortgage brokers today and take the first step towards securing your ideal mortgage.
Meet the Team That’s Got Your Back
At Delta Mortgages, we combine decades of experience with down-to-earth support that actually helps. No scripts. No waffle. Just lovely mortgage brokers who bring clarity, calm—and a bit of personality—to every step of your journey.
Get to know the people who’ll guide you from start to keys.
Your property could be at risk if you do not keep up repayments on a mortgage, or any debt secured on it.