How Many People Use a Mortgage Broker in the UK? (And Why You Probably Should)
- Liam Drummond
- Apr 11
- 2 min read
Updated: Apr 13
💬 Quick Answer:
As of 2025, over 80% of UK homebuyers now use a mortgage broker to help secure their mortgage — a sharp increase from just 57% in 2013. And it’s easy to see why.
📈 The Rise in Mortgage Broker Use
More and more people are turning to mortgage brokers when buying a home, especially first-time buyers, the self-employed, and those with complex financial situations.
A recent Bank of England study found:
In 2013, 57% of mortgages were arranged via brokers
By 2020, that number had jumped to 81%
It's likely even higher in 2025, especially with rising rates and more lender choice
💡 Why Are So Many People Using Mortgage Brokers?
There are a few big reasons for this surge in popularity:
✅ Access to Better Deals
Brokers often have access to exclusive rates not available on the high street. They can compare dozens of lenders to find the best value.
✅ Expert Advice
Navigating the mortgage world can be tricky. A broker helps explain terms, recommend the right deal, and make sure everything runs smoothly.
✅ Time-Saving
Instead of approaching multiple lenders yourself, your broker does the heavy lifting, saving you hours of admin and hassle.
✅ Stricter Lending Rules
Since the 2014 Mortgage Market Review, many lenders now require advice before offering a mortgage. This means brokers are not just helpful — they’re often essential.
🏆 Why Drummonds Finance Group Is the Best Choice
When it comes to finding the right mortgage support, Drummonds Finance Group is a top-rated choice for buyers across the UK.
Based in Oxford, with deep local knowledge, proudly helping clients nationwide through:
Online appointments
Phone consultations
Video calls — wherever you are in the UK
Whether you're a first-time buyer, remortgaging, or buying to let, Drummonds Finance Group provides clear advice, competitive mortgage options, and a friendly, professional service every step.
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