If you’re applying for a mortgage in Ireland and considering using a broker, one of the first questions that comes to mind is: how much does a mortgage broker charge? The answer isn’t always straightforward—but don’t worry, we’re breaking it all down for you.
In this guide, we’ll cover everything from typical mortgage broker fees to what fee agreements should include, and how you can save money on your home buying journey.
Do all mortgage brokers charge fees?
Not always. In Ireland, mortgage brokers are usually paid by the lenders they introduce mortgage business to. Most banks and lenders pay brokers a flat commission of 1% of the mortgage and some also charge a fee to the client, especially in more complex cases or where additional services and support are required.
Different mortgage broker fee models
Not all mortgage brokers charge the same way, so it’s important to understand how their fees work before you commit. Here are the main models you’ll come across:
- No-fee brokers
These brokers are paid entirely by the lender and don’t charge you anything directly. This option can be ideal if you’re on a tight budget or looking to keep upfront costs low.
- Fee-based brokers
Some brokers charge a flat or percentage-based fee, in addition to receiving a commission from the lender. They often provide more specialised advice or support complex cases that require extra time and expertise.
- Hybrid brokers
Hybrid brokers offer a mix of both models. They may waive fees but also charge some clients a fee, depending on the circumstances—e.g. if you’re buying abroad, self-employed, or seeking a non-standard mortgage.
Transparency is key
No matter the fee model, it’s essential that your broker is transparent about any charges from the start. Always make sure to:
- Request a written breakdown of all costs – so there are no surprises later.
- Understand when and how fees are payable – upfront, on approval, or at another stage.
- Confirm if the broker also receives commission from the lender – this helps you understand their full compensation structure.
Mortgage broker fees: Types and costs
Let’s break down the different types of fees you might come across if you are wondering what fees do mortgage brokers charge:
- Application Fees – A charge for submitting your application.
- Fixed Fees – A flat rate fee, often ranging from €250 to €1,000 depending on the complexity.
- Commission-based Fees – Brokers receive 1% commission from lenders on the mortgage amount.
Mortgage broker fees in Ireland: What to expect
If you’re buying a home in Ireland, it’s important to understand how mortgage broker fees work and what you might be expected to pay.
Are mortgage broker fees different in Ireland?
Yes, Ireland is unique in how mortgage brokers are paid. All lenders pay the same standard commission (1%), so the broker’s income doesn’t depend on which lender they recommend. This helps reduce any potential bias.
However, brokers are also allowed to charge clients additional fees—and some do — so it’s always a good idea to ask upfront
MortgageLine’s model
Here’s a quick look at MortgageLine’s model and how we aim to make the mortgage process as stress-free as possible.
At MortgageLine, we keep things simple and fair:
✅ Free initial consultation
✅ No fee unless agreed with you in advance
✅ Flexible approach – We may waive fees in straightforward cases or first-time buyer scenarios
✅ Upfront and transparent – You’ll know exactly what’s involved before committing
Learn more about how a mortgage broker can help you.
What should a mortgage broker fee agreement include?
It’s important to understand exactly what you’re agreeing to. A good mortgage broker fee agreement should include:
🧾 The total cost and when it’s payable
💼 Whether the broker is also receiving a commission from a lender
🔁 Any refund policies or cancellation terms
🧠 Clear outline of services provided
📅 Duration of engagement – e.g., is it a one-off service or ongoing advice?
How much does a mortgage broker charge on average?
Understanding broker fees can help you budget more effectively and avoid surprises. Here’s a quick look at the typical broker costs in Ireland:
Cost comparison (Ireland):
- Flat fees: On average, mortgage brokers typically charge between €250 and €750.
- Percentage fees: Less common in Ireland but can be around 0.25% to 0.5% of the mortgage.
- Lender commission: Standard 1% of the loan amount.
Example:
For a €300,000 mortgage, the broker may receive €3,000 from the lender, and charge you nothing, or an additional fee depending on their model.
How to save on mortgage broker fees
Worried about the cost of using a broker? The good news is, there are smart ways to keep fees low—or even avoid them altogether.
Want to keep costs down? Try these:
💬 Negotiate – Some brokers are flexible, especially if you’re a straightforward case.
🔍 Compare brokers – Don’t just go with the first one. Shop around.
🧾 Understand the value – Sometimes paying a small fee is worth it if they save you thousands with a better mortgage deal.
🏠 Check for waivers – Some brokers waive fees for first time buyer mortgages or standard applications.
Also check out this helpful guide: getting ready to apply for a mortgage.
How MortgageLine can help
If you’re wondering whether to go mortgage broker or direct to bank, here’s how we make life easier:
✅ We work with all major lenders in Ireland
✅ No hidden costs – you’ll always know our fees in advance
✅ We help you save time and hassle, navigating paperwork and getting the best deal
✅ We can negotiate on your behalf to help you save more in the long run
FAQs
How much do most mortgage brokers charge?
Most brokers in Ireland are paid 1% commission by the lender. Some charge additional fees, which can range from €300 to €750.
What is the maximum broker fee?
There’s no legal cap, but most fees stay under €1,000. Always request a fee agreement in writing.
What percentage do most brokers take?
From lenders commission: 1% of the mortgage. From clients: sometimes 0.25%–0.5%, but usually it’s a flat fee if anything.
Final Thoughts
So, how much does a mortgage broker cost in Ireland? In most cases, it’s either free or a modest fee—and the value they provide in securing the best deal can be well worth it for most.
Whether you’re buying your first home or switching your mortgage, understanding the mortgage broker fee structure puts you in control.
💬 Thinking of working with a broker? Contact MortgageLine today for a free initial consultation—no pressure, just expert advice.
