I'm looking to purchase my first property and have been told that I can get better rates using a Mortgage Broker.
I will also need to perform some renovations on the property and have been told to seek quotes from a few builders to make sure I'm getting a reasonable quote etc.
What I can't reconcile is that when I ask those same people how many Mortgage Broker 'Quotes' they got before taking out a loan, they basically say they just went with the first one that was either referred to them (e.g. from a real-estate agent or a friend etc) or they found online.
Is it unusual to want to speak to several Mortgage Brokers to assess what they can provide?
Let me ask that another way, is there any benefit in seeking 'Quotes' from multiple Brokers?
I wouldn't want to waste their time, but given a mortgage is such a large commitment, surely it would be recommended to look around?
Thanks for any help!