Broker mortgages dominate the market
According to figures from the Mortgage Advice Bureau*, the number of mortgage products available in now over 15,000. This is the highest the figure has been since the recession.
The rise in the number of mortgages available has been mainly driven by the increased number of only broker mortgage products the company also says. This means that 71% of the mortgage products available can only be accessed via a broker. This was reported in the Financial Reporter** on 30th September 2015.
What this means for home buyers
Adam Nanson, Managing Director from Your Mortgage Expert comments:
“The increase in the number of mortgages available only through independent mortgage brokers is a sign of how important we are in the market. 69%*** of all loans are now organised through mortgage advisers indicating that more and more people are choosing to secure their mortgage using a broker rather than trying to go directly.
“By choosing a whole of market mortgage broker such as Your Mortgage Expert, home buyers and those looking to remortgage get a comparison on the direct and broker only products. Which means that they can be sure they are getting the most appropriate deal for their circumstances, not just the ones available on the high street.”
How Your Mortgage Expert can help
Adam Nanson continues:
“We will look at the deals available and recommend the one most suited to your circumstances. Added to that, we do all the hard work for you, meaning that we will save you time, money and stress.”
To speak to Adam Nanson about your next mortgage, ring him now on 01722 322683 or complete a contact us form and let him know when he can call you back.
We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section.
The information contained within this article was correct at the time of publication. It is intended for information only and does not constitute advice. TenetLime cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. SECURING SHORT TERM DEBTS AGAINST YOUR HOME COULD INCREASE THE TERM OVER WHICH THEY ARE PAID AND THEREFORE INCREASE THE OVERALL AMOUNT PAYABLE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Sources quoted within the article. These were correct at time of publishing.
*Source (30-09-15): https://www.mortgageadvicebureau.com/news/Mortgageproductnumbersreachpost-recessionhigh/1070/
**Source (30-09-15): http://www.financialreporter.co.uk/mortgages/number-of-mortgage-products-hits-post-recession-high.html
***Source (30-09-15): http://www.financialreporter.co.uk/mortgages/number-of-mortgage-products-hits-post-recession-high.html