Bank Or Mortgage Brooker

smellywelly1234

Hi, Just a quick question which would I get a better deal with my bank or mortgage brooker for buying a house.
Thanks for the help 

ACG

A mortgage broker will search the market. 
A bank will offer you whatever they have. 
If you choose the right bank or do the research yourself and do a decent job - which includes checking criteria not just the rate/fees - then you will likely come out with the same deal as the broker. 

Most brokers will charge a fee so chances are it will be cheaper to go direct, but a broker will deal with it all on your behalf and pre-empt many problems and also be liable for the advice. 

There is no definitive answer as to which is best/cheapest. A lot will come down to you, the broker and your circumstances. 

csgohan4

Bank maybe more labour intensive and undergoing affodability interviews which can be time consuming

Broker you fill in a Fact finding form, maybe speak to a broker and you let them do the leg work, Some are free, some charge a fee, your choice, but you get what you pay for

dunstonh

smellywelly1234 said:

Hi, Just a quick question which would I get a better deal with my bank or mortgage brooker for buying a house.
Thanks for the help 

Out of the choice of those two then statistically, you would say the broker more often.
Brokers are whole of market. Bank staff only offer their own product.