How do mortgage brokers get paid?
How do mortgage brokers get paid? Learn about procuration fees, broker charges, and how fee-free brokers earn money, plus what FCA rules protect you.
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@mariannafs123
How do mortgage brokers get paid?
How do mortgage brokers get paid? Learn about procuration fees, broker charges, and how fee-free brokers earn money, plus what FCA rules protect you.
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No, in most cases, you do not need a deposit to remortgage your home. It is the equity of your property that matters when you remortgage. Mortgage borrowers often think that remortgaging their property is like buying a new house. This makes them think that they need a deposit. However, this is not the case. Let us quickly go through the basics of remortgaging to answer the deposit question in detail.