Can a Mortgage Broker Get Me a Better Rate?

✅ Quick Answer:

Yes — in many cases, a mortgage broker can get you a better mortgage rate than you’d find on your own. Brokers often have access to exclusive deals, can compare offers from multiple lenders, and know how to match you with the most cost-effective option based on your unique situation.

🔍 Why Can Brokers Offer Better Rates?

1. Access to the Whole Market

Banks and building societies only offer their products. Mortgage brokers, on the other hand, can compare deals across:

• High street lenders

• Online lenders

• Specialist lenders

• Exclusive broker-only deals

This increases your chances of finding a lower interest rate or better overall value.

2. Negotiation Power

Some mortgage brokers have strong relationships with lenders and may be able to negotiate better terms or access deals based on volume.

3. Matching You to the Right Lender

A good broker knows which lenders are more likely to accept your application — and at a competitive rate. That means:

• Fewer rejections

• Less time wasted

• Better odds of securing a low rate the first time

🧾 Does “Better Rate” Always Mean Cheapest?

Not necessarily. The best deal often comes down to total cost over time, not just the headline rate. A broker looks at:

• Interest rate

• Product fees

• Cashback or free valuations

• Flexibility (overpayments, early repayment charges)

• Mortgage term

This holistic approach often results in real savings that go beyond just the rate.

🧠 Example: Broker vs Bank

Let’s say your bank offers a 5.19% 2-year fixed rate.A broker finds you a similar product at 4.85% with lower product fees — saving you £1,000+ over the fixed period.

That’s the value of shopping the whole market — and why using a broker often pays off.

🏡 Whether You're...

• A first-time buyer

• Remortgaging

• Looking at Buy-to-Let

• Or needing help with bad credit or self-employed income

…a broker can usually find more competitive options than you'd discover alone.

🏆 Why Choose Drummonds Finance Group?

At Drummonds Finance Group, we:

• Compare dozens of lenders to find you the best possible rate

• Offer access to exclusive broker-only deals

• Support clients in Oxford, Bicester and across the UK

• Provide clear, honest advice — online, by phone, or video call

👉 Click here to learn more about Drummonds Finance Group

Your home may be repossessed if you do not keep up repayments on your mortgage.