Consumers are desperate to find a best mortgage, and with rates higher than ever and approvals down to record lows, this is not an easy task. Experts are offering assistance and recommendations on how to get a best mortgage, including getting as many quotes as possible from several different banks. This can greatly increase a consumers ability to get a best mortgage, even in this troubled times, according to these experts. While this may not work for all, it does open up a few more doors for people.
Martyn Hocking, Editor, Which? Money, says: “With such an array of financial products to choose from, it can be tempting to turn to a price comparison site to do the legwork for you. But you might be very confused to find that different sites can give you vastly different quotes and often don’t give enough information for you to make an informed choice.
“You need to use two or three comparison sites and check directly with providers to get the best quote, and remember that cheapest isn’t always best - it’s a false economy if you don’t get enough cover for your needs or have to pay a huge excess if you claim.”
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