With mortgages or remortgages there are always two ways to apply;

1. Go directly to the lender, or
2. Use a mortgage broker
   
   

But why use a mortgage broker, a so called middleman, isn't it always cheaper to cut out the third party in any deal? Not necessarily so with a mortgage broker because amongst other things they can offer some fantastic deals not available from contacting the lender directly.

Note these points;

• The mortgage market is complex and a broker is normally far better placed to advise on the different schemes and policies available
  
  
• A mortgage broker will also have details on the latest special offers available, sourced from around the market
  
  
• Some of the special offers will only be available via a mortgage broker because he can bring economies of scale to a mortgage lending company
  
  
• If you have a bad or problem credit rating, problems proving your salary or need to borrow more than the property is worth then seeing what a mortgage broker can do is normally the best route to take
  
  
• Some mortgage brokers develop a product that they feel their clients will buy and then approach the lending companies to finance it. You therefore will often find that mortgage brokers offer policies that the lenders don't offer directly to the public
  
  
• Mortgage brokers also specialise in buy-to-let deals and can offer excellent and broad advice on this topic due to their experience
  
  
• Mortgage brokers get paid either by their clients or by the lenders as a so called finders fee. It's therefore worth while to check out these facts and other associated costs before you commit any capital

Summary

For most people using a mortgage brokers is a win-win situation. Firstly, better deals are normally offered and secondly you've got an expert looking after your interests. And remember a mortgage for most people is the single most important financial decision of their life.