Licensed broker. 50+ lenders on one application. Free to you, and you get your answer fast. Get Pre-Approved Today Call (416) 822-7357 ⭐ 5.0 Rating 50 Reviews 🏛️ FSRA Licensed #12685 (Best Rates) 🏦 50+ Lenders Banks, Credit Unions & More 📍 Serving London Virtual Consultations Available Looking for today’s numbers? See the London mortgage rates guide. This page covers the broker service itself — how we get you approved. Why Choose Us for Your London Mortgage? Student & Investment Rental Expertise We help investors structure financing around Western and Fanshawe rental demand, including underwriting specific to student housing. Healthcare & Insurance Sector Knowledge Familiar with LHSC and St. Joseph's pay structures, plus the salaried and commission income common at London's insurance and financial-services employers. 50+ Lender Network First-time buyer programs, investment property financing, and competitive rates across every London neighbourhood. Mortgage Services in London Whether you’re buying your first home, refinancing, or investing—we have solutions for every situation. Home Purchase First-time buyer or upgrading? Access exclusive rates from 50+ lenders. Explore Home Purchase Options Refinancing Lower your rate, access equity, or consolidate debt with smart refinancing. Explore Refinance Options Mortgage Renewal Don't auto-renew! We'll negotiate better terms at renewal time. Explore Renewal Options Self-Employed Mortgages Flexible income verification for entrepreneurs and business owners. Explore Self-Employed Options Debt Consolidation Combine high-interest debt into one low mortgage payment. Explore Debt Consolidation Options Investment Property Financing for rental properties and real estate investors. Explore Investment Options Need something else? We also offer: Second Mortgage / HELOC, Bad Credit Solutions, Bridge Financing, Private Mortgages, Construction Mortgages, Reverse Mortgages, New to Canada Mortgages, Home Equity Loans, and more. London Housing Market — What It Means for Your Approval $580,000 Avg. Home Price -5.1% YoY Change Market Highlights ✓ Average home price around $603,000 in July 2026 — among the more affordable mid-size markets in southwestern Ontario ✓ Western University and Fanshawe College create year-round rental demand across several neighbourhoods ✓ London Health Sciences Centre and St. Joseph's Health Care are among the city's largest employers ✓ General Dynamics Land Systems builds light armoured vehicles here, a significant regional manufacturing employer ✓ A long-standing insurance and financial-services hub, tracing back to London Life's founding here in 1874 (now part of Canada Life) ✓ VIA Rail's Toronto–Windsor corridor runs directly through London, with several trains daily London's economy is more diversified than people expect for a city its size. The university and Fanshawe College anchor a large rental market, but London Health Sciences Centre, St. Joseph's, and a cluster of insurance and financial-services employers — a legacy of London Life, now folded into Canada Life — provide steady professional employment too. General Dynamics' vehicle plant on Oxford Street is a significant manufacturing employer most people outside the city don't associate with London. Housing splits between century homes in Old North and Wortley Village, west-end family subdivisions in Byron and Oakridge, and newer construction pushing north through Sunningdale and Stoney Creek. Prices eased about 7% year over year through mid-2026, with homes selling roughly 3% below asking on average — a more buyer-friendly market than London has seen in a few years. Neighborhoods We Serve in London From established communities to new developments, we help buyers across all London neighborhoods. Old North Around $725K – $750K Historic district near downtown with century homes, mature trees, and some of London's strongest architectural character. Best for: Character-home buyers, professionals wanting walkability Wortley Village / Old South Around $700K Independent shops and cafes along Wortley Road, with a mix of character homes just south of downtown. Best for: Young professionals, buyers wanting neighbourhood feel Byron Around $800K West-end family neighbourhood bordering Springbank Park, consistently one of London's most sought-after areas for detached homes. Best for: Families, move-up buyers Masonville Around $625K North-end area near Western University and Masonville Place, with a mix of housing types and strong rental demand. Best for: Investors, buyers wanting proximity to Western Working With a Mortgage Broker in London — Common Questions What does a mortgage broker in London actually do? A licensed broker takes one application from you and shops it across 50+ lenders, then handles the approval end to end — document collection, lender negotiation, conditions, and coordination with your lawyer. Locally that includes lenders such as TD Canada Trust, RBC, Libro Credit Union, plus credit unions and monoline lenders you cannot walk into. You deal with one person instead of applying at five branches. How much does a mortgage broker cost in London? On residential deals the lender pays the broker commission, so the service is free to you. Fees only ever apply on private or specialty financing, and in those cases the fee is disclosed in writing before you commit to anything. How fast can I get an answer on my London mortgage? Send us your details and we come back with a real answer fast — not a callback queue. Pre-approvals are typically issued within one business day once income and down payment documents are in, and rate holds run 90 to 120 days. Broker or bank — which is better in London? A branch can only offer its own products. A broker compares 50+ lenders side by side, including options for self-employed income, bruised credit, rentals, and newcomers that a single bank will simply decline. Same paperwork, far wider shelf. What documents do I need to apply through a broker? Government ID, proof of income (recent pay stubs and T4s, or two years of business financials and Notices of Assessment if you are self-employed), 90 days of bank statements showing your down payment, and the purchase agreement if you have one. We request everything in a single list up front. Does using a broker hurt my credit score? No. We pull your credit once and use that single report across every lender we approach. Multiple mortgage inquiries inside a short shopping window are also treated as one event by Canadian credit bureaus. Can you help if I have bruised credit or self-employed income in London? Yes. A-lenders generally want a 600+ score and provable income. Below that, B-lenders and private lenders underwrite on property equity, loan-to-value, and a clear exit plan instead of the score alone. We place the file with whichever tier actually fits. Do I have to meet in person in London? No. We serve London and the surrounding Ontario area with fully virtual applications, e-signatures, and secure document upload. In-person meetings are available when you prefer them. Get Your Free London Mortgage Consultation Ready to explore your options? Contact us today for a free, no-obligation consultation. 📞 Phone: (416) 822-7357 ✉️ Email: mortgage@bestrates.ca 💻 Virtual Meetings: Zoom, Google Meet, or Phone Apply Online Now Takes just 5 minutes. No impact on your credit score. Also Serving St. Thomas • Strathroy • Woodstock • Ingersoll • Dorchester Licensed by Financial Services Regulatory Authority of Ontario under Brokerage #12685 (Best Rates). All mortgage services subject to standard lending criteria and approval.
