This is where you need a mortgage to live in yourself, as your main residence. If you let the property out, it will be a buy to let, unless you occupy a certain percentage as well.

To be able to lend to you, a lender will need to know your nationality and residency position, your income, deposit, what your credit is like, as well as a few other factors such as credit commitments and employment situation.

For our basic searching package, we only need to know a limited amount of information, as this option is for people who are simply looking for a comparison of deals, or who need to know that the deal they think is best really is the best.

For our full sourcing deal, we take into account all the factors a lender will look at to find the best deal for your circumstances.

Dual pricing is a term given to mortgage lenders giving their own direct customers one rate, and brokers a different rate. Sometimes the deals look very similar but can be quite different when you compare the charges. Some charges are the same, but the rates are different. 

Typically, a broker will only have access to one set of rates. When these are presented to a client, because of the choice the client has, it looks as though the broker is presenting the best rates from every lender. But more often than not, only the broker deals are being shown. This can mean you are not given a choice of direct rates as well, because why would a broker give you these options if they don't get paid for it? You may find comfort when a broker charges a fee for their work. Again, very few brokers will look at direct rates, and will get paid twice. 

This is one reason I felt frustrated enough with the imbalance in the mortgage market to create a new type of broking - where I have absolutely no concern over the deals presented, because I did not place the deals to get paid.