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2010 and what's new with mortgages?

2010 and what's new with mortgages?
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As a whole of market broker we constantly monitor the number of mortgage products available to our clients

. It is therefore pleasing to have seen a steady increase over the last few months with the figure currently exceeding 2500 the highest since May 2009. Whilst this is only a fraction of the numbers available a couple of years ago, it is encouraging that lenders are once again providing clients with more choice. It is not only the number of mortgage deals that are changing on a daily basis however, but also the criteria lenders are working to. For this reason, working with a mortgage broker who will look at the entire market for you is recommended. An experienced mortgage broker dealing regularly with all mortgage lenders is much more likely to be up to date with changes in lending policies, ensuring you are presented with appropriate mortgage choices that will work for you. There also remains a divide in products to be aware of between those available to clients via mortgage brokers and those only available by applying direct to the lenders. For truly impartial advice and to make sure absolutely the right mortgage deal is found, it is best to check that even if your mortgage broker claims to be whole of market, they will let you know about the direct deals and not just those that pay them a commission! In summary, we have seen some improvements in the mortgage arena over recent months although we are very definitely not back to the levels of flexibility seen a couple of years ago. It is more important than ever to make informed decisions about your mortgage by seeking professional advice.

2010 and what's new with mortgages?

By: AmandaAbout the AuthorAmanda Parkin, equate mortgages. Truely whole of market mortgage brokers with a team of experienced advisors who are happy to discuss all mortgage and personal insurance requirements. www.equatemortgages.co.uk (ArticlesBase SC #1750110)

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2010 and what's new with mortgages?