Mortgage brokers not getting best deal than going direct to lenders

As we all know, the Mortgage industry is in a bit of crisis, because of that you would have thought that your mortgage broker would be able to get you a great deal. There are so many adverts on the news, advertising a range of great mortgage deals, and you start to ask your why is my broker not getting me that deal?

Well thanks to The Independent that have come up with the answer, it seems that there are a great range of deals on offer, but many of these deals are being frozen. For a customer to take advantage of these mortgage deals, they will have to ditch the broker and go direct to the lender themselves.

You might ask yourself why on earth mortgage lenders would do this, well that is simple; lenders are now being bombarded with applications. The next part is a little strange; it seems that too much business actually threatens their profit as the lender has to pay expensive commission on deals done via brokers. So with this in mind, you will have to do all the hard work yourself to get the best deal to suit you.