We are a nation that likes to shop around, and for many of us the bargain-hunting principle applies to mortgages as well as basic goods. But unfortunately it is all too easy to be confused when seeking out the best mortgage deal. 

Mortgages and remortgages are like shoes - their suitability always depends on their individual fit. They come in so many shapes and sizes that it is impossible to categorically state: "This is the best mortgage on the market". However, there will be one mortgage out there that's best for you and your individual needs and that is the one you should try your hardest to get.

How do you find that Holy Grail of a mortgage? Best buy tables are a good place to start your quest. They will give you an objective snapshot of the market and should help you to get an overall sense of the kind of deals available.

But remember, best buy tables won't tell you everything. Fees and charges, for example, may not be shown. The product's flexibility (the ability to overpay or take payment holidays) may also be hidden. Tie-ins and restrictions, such as maximum loan sizes or geographical limitations, are often buried in small print. Cheapest does not always mean best, and there are many variables that will determine which product is suitable for which borrower. These tables may be a reasonable starting point, but there are many subtleties they simply cannot accommodate.

To find a mortgage that will fit your financial circumstances exactly, you will need to go behind the best buy tables and figure out the true costs of the mortgage - and whether you are prepared to pay them. The most effective course of action is to get advice from an independent mortgage broker.

Mortgage advice falls under statutory regulation so you can be assured that any mortgage broker is fully authorised by the Financial Services Authority (FSA) and holds the necessary qualifications to advise you.

A broker will carry out what is called a “factfind” to find out about your circumstances and finances, your needs and requirements and your attitude to risk. Then they will take this information and use it to help filter through the masses of available products and find a selection that will suit your needs. 

After fully explaining the pros and cons of each they will help you come to a decision and make a recommendation based on what you tell them.