Finding the best mortgage rate is something we all want to do before we remortgage, to make sure that we are getting the best possible deal. However finding the best rate may not always be easy. It is worth trying to find a good rate though as a significant amount of money can be saved from doing this.
Some people use a financial advisor, so that they can be sure that they will get the best rate. This can be a good thing to do if you do not have time to do research yourself. They may have access to products that you will not and so you could get a better deal. However, they will get commission on their recommendations and so it is possible that they might recommend what is best for them, rather than best for you. Some are better than others and so if you can get a recommendation, then this is the best thing. Just find out why the person is recommending that lender as it could be for a reason that is not relevant to you, perhaps they know someone who works there or it is close to where they live!
If you would rather research things yourself, then you will have a big task, but a worthwhile one. You will need to think about the type of mortgage you want first and then you will be in a position to start evaluating what is out there. Comparison websites will help you to some extent, but do not include all lenders and there are some financial websites which list things like mortgage rates but again this may not include all lenders and so you may be better off doing a general Internet search. This will bring up a lot of results, but it is likely that you already have some lenders in mind that you would be happy to use and some that you would not and so this will already help you to start cutting down the numbers a bit.
It can be good to write down the names of the lenders and rates and then you can easily compare them and see which one will be the lowest. It is important to bear in mind that rates do change though and a company that has the lowest at one point in time may not remain the lowest and so be sure to keep researching, even when you have changed lender, to make sure that you continue to have the best rate.