22
Sep
Homebuyers 'can choose from variety of loans'
People looking to buy a house for sale in the UK have the benefit
of being able to choose from a variety of different mortgage
deals.
This is according to Andrew Hagger of moneynet.co.uk, who said that
mortgage providers are still offering a number of different
products.
"There is still a vast array of home loans to choose from and even
if you've already worked out whether it's a variable rate or fixed
rate product that you're going to plump for, you still need to
fathom out which is the cheapest mortgage for you," he said.
Mr Hagger added that it is not always as simple as comparing them
on a website, as there are factors to consider other than which
offer the best rates.
The property expert said that working out the most suitable product
based on the total cost, including fees, is one of the most
difficult problems homebuyers face.
His comments come after Martijn van der Heijden from HSBC
recommended people look around at a number of offers available
before choosing their mortgage product. 