Is it expensive to use a mortgage broker? Or does it cost anything to talk to a mortgage broker?

It depends. Some mortgage brokers charge a fee, some don’t. Mortgage brokers are paid a commission by the bank or lender on settlement of a mortgage. But some mortgage brokers – in addition to the commission from the bank – charge a fee. This might be because the application is complex or their cost of running their business is high.

Best to ask upfront when engaging a broker.