Mortgage brokers vs banks: what’s best for you?

Deciding between a mortgage broker and your bank? Brokers are typically free for borrowers, saving you time by comparing multiple lenders to find the best deal. They offer expert advice, which is particularly valuable for self-employed buyers or those with complex applications.

Going directly to your bank can be convenient if you have an established relationship, but you'll only see their products. The Financial Markets Authority (FMA) recommends asking any broker how they are paid to ensure unbiased advice.