Broker or Adviser? - What's the Difference Finding a suitable mortgage adviser can be harder than it should be. First lets clear up the difference between a 'Mortgage Adviser' and a 'Mortgage Broker'. In reality, most advisers will tell you there is no difference, and there is no official guidance on this. In our opinion however, there is a difference. We feel that mortgage 'Advisers' will cover advisers who work for 1 lender only (like advisers you meet in Highstreet banks). These advisers will be qualified to at least the same minimum standard as other advisers & brokers, but they will only be able to advise you on their own lenders products. They therefore provide 'advice on mortgages' from their own lenders. Brokers on the other hand provide mortgage advice and 'broker' deals across many lenders. There is also differences in Brokers. Some Brokers have a 'panel of Lenders' and others do not. Some Panels are larger than others. Some brokerage firms may have a very small panel of say 30-40 lenders, where others may have more or less. Other Brokers don’t work from a Panel, but very few (If any) firms have access to EVERY lender on the Market.