Top 10 Mortgage Brokerages in London
Mortgage brokers are licensed professionals with access to mortgage rates from dozens of lenders, helping borrowers find competitive deals without paying fees out of pocket. Lenders pay brokers a commission on each funded mortgage. In London, that independent perspective carries real weight: the London housing market has seen notable price corrections since its 2022 peak, and buyers currently have more negotiating room than they did during the pandemic years. Whether you're purchasing your first home, renewing, or refinancing, a broker can help you compare a wider pool of lenders than any single bank offers and find terms suited to your situation.
Quick Picks 💡
- Butler Mortgage: Butler Mortgage’s up-front rate guarantee and after-approval rate guarantee ensure that the clients always get the best rate, be it before or after approval. On the other hand, the RateGuard Approval warrants that the clients get the new lower rate if the rate falls during their lock-in period.
Top Mortgage Brokers in London
London Online Brokerages with Competitive Rates
Butler Mortgage is one of Canada's leading mortgage brokerages that offers its services mainly in Ontario, British Columbia, and Alberta. The brokerage doesn't have a physical location in London, Ontario; however, its website makes it very easy for the city's residents to apply online. The nearest branch is located in Hamilton. The brokerage suggests that it tracks over 350 lenders for their mortgage rates to offer the lowest available rates to their clients.
Butler Mortgage's 'up-front rate guarantee' ensures that its clients get the best rate from the beginning. They promise to match or beat a better rate offered by any other brokerage. If you are already approved, the brokerage keeps looking for a better rate for you. If they find a rate that is at least 0.1% lower, they will ask your lender to match the lower rate. If the lender cannot do so, the brokerage's 'after-approval rate guarantee' lets you switch lenders without any additional cost.
Types of mortgages and financing options offered by Butler Mortgage include:
- Purchase
- Refinance
- Renewal
- HELOC
- Self-Employed
- Investment Property
- Vacation/Second Home
- Purchase Plus Improvement
- Construction
- New to Canada
Butler Mortgage's RateGuard Approval ensures that you get the benefit of any rate drops that occur during your 120-day lock-in period. You automatically get a lower rate when the rate drops during the lock-in period.
Joe Purewal Mortgages is an award-winning mortgage broker with more than two decades of experience, serving clients in Mississauga, Toronto, and throughout the GTA. Known for solving difficult mortgage challenges, Joe specializes in bank declines, self-employed mortgages, bad credit, debt consolidation, tax arrears, and other unique financial situations. Joe and his Team also assist with purchases, renewals, refinancing, investment properties, and mortgage pre-approvals, delivering personalized advice tailored to each client's goals. With access to a wide network of lenders, Joe and his team find solutions where others may not. As of July 2026, Joe Purewal has earned over 950 five-star Google reviews and is recognized as one of Mississauga's most trusted mortgage brokers, helping thousands of clients achieve their homeownership and financial goals.
Based in Toronto, Ontario, Frank Mortgage is a digital mortgage brokerage that provides mortgage solutions across Canada. Founded in 2019, the company aims to simplify the mortgage process by combining technology with licensed mortgage advisors. Frank Mortgage helps borrowers access a range of mortgage options from multiple lenders, including first-time homebuyer mortgages, refinancing, and investment property financing. The brokerage focuses on offering competitive rates and a streamlined online experience that allows borrowers to compare options and complete much of the application process digitally. Customers can also connect with mortgage advisors for guidance throughout the process.
An offering by the Canadian fintech Neo Financial, Neo Mortgage is an online brokering platform that offers a fully digital mortgage process. The brokerage has no physical branches, and the entire process can be completed online. Borrowers first need to fill out their application form on their website and upload the supporting documents through a secure digital portal.
The brokerage offers three kinds of mortgage products currently — Mortgages for new purchases, mortgage renewals, and mortgage refinance. Neo Mortgage's website features five lending partners at present. The brokerage invites individuals with an imperfect credit score to apply with them; however, it doesn't guarantee their approval.
True North Mortgage is a Calgary-based brokerage offering mortgage services across Canada. The brokerage has two offices in Toronto, the closest physical location for the residents of London, Ontario. However, borrowers can easily apply through the brokerage's website or over the phone. They can also request a callback or send in an email inquiry to get started.
Mortgages offered by True North Mortgage include:
- Vacation and Secondary Homes
- Investment Properties
- Purchase Plus Improvements
- Newcomers to Canada
- Non-Resident Mortgage
- HELOCs
- International Home Purchases
- Self-Employed Mortgages
- Reverse Mortgages
According to True North Mortgage, the low mortgage rates offered by them help their clients save $3,000 on average. The brokerage's low rate guarantee backs their low rate claim. The brokerage offers to match or beat a better rate in the market through this guarantee.
The brokerage's unique solution to beat the increased mortgage rates is called 'Rate Relief.' This is a temporary offering through the brokerage's in-house lender, THINK Financial, and lets you get a mortgage at a low fixed rate for six months. After the six-month period, you either need to renew your mortgage with THINK Financial or pay them a 1% administration fee when you choose to renew with a different lender.
Local London Mortgage Brokerages
With its head office in London, Mortgage Teacher has offices in Hamilton, Dorchester, Brantford, Guelph, Collingwood, Orangeville, and Grand Bend as well. The brokerage has a team of over 10 brokers and agents. The brokerage’s website features a quiz to help determine the right kind of mortgage for you, which can be a good starting point for many. Borrowers can apply online through their website or meet one of the brokers to get started.
Part of the Real Mortgage Associates (RMA) network, Your Mortgage Professionals offers several mortgage solutions. The brokerage has a team of knowledgeable mortgage brokers and agents with access to rates from over 35 lenders. Borrowers can check the latest mortgage rates through the brokerage’s website. To get started, borrowers can contact the brokerage through phone or email. Alternatively, they can send an inquiry through the website or visit the brokerage during office hours.
Mortgage Broker Networks in Canada
Mortgage Intelligence is a broker network that is a part of the M3 Financial group that has 8,500 brokers. The broker network is headquartered in Mississauga, Ontario, and has over 50 lending partners. There are over 10 Mortgage Intelligence brokers offering services in London, Ontario, and borrowers can find the one nearest to them through the network’s website. Borrowers can also download the network’s mobile app ‘Mopolo’ to get free credit reports every month, get free property evaluation, check the latest rates, and track their applications.
Mortgage Architects is one of Canada’s leading broker networks with 1,000 mortgage professionals and over 50 lending partners. The network’s website displays the latest rates offered by them, and borrowers can also look up the nearest network broker to them through the website. Borrowers can also use the network’s mobile app to plan their mortgages.
About Mortgage Brokers in Ontario
To be a mortgage broker in Canada , individuals are required to obtain a broker license through the regulatory body in the province of their residence. The Financial Services Regulatory Authority of Ontario (FSRA) issues licenses to mortgage brokers in Ontario. Individuals must complete an FSRA-approved course and its examination before applying for a mortgage broker license. Additionally, they must have held a mortgage agent license for at least 24 months in the immediate 36-month period before applying for a broker license.
The mortgage broker course that needs to be completed is called Ontario Mortgage Broker Education Program (OMBEP). This course is offered by Mortgage Professionals Canada (MPC) and has two phases. The first phase is online, and the second one is in-person.
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- Interest rates are sourced from financial institutions' websites or provided to us directly. Real estate data is sourced from the Canadian Real Estate Association (CREA) and regional boards' websites and documents.