'Look early' for new mortgage deals
5.09.2008
Mortgage holders seeking a new deal ought to start looking for suitable products three months before their current term comes to an end, according to one expert.
Stephen Noakes, marketing director at Cheltenham & Gloucester, said there are different deals being advertised on the high street, while homeowners can also speak to a mortgage broker or compare the best mortgages online.
"They should still be confident that there is a choice available to them and it's important that they start at an early stage to look at the different deals that are available," Mr Noakes stated.
According to figures published by the Council of Mortgage Lenders, 47,000 home loans were approved in June this year, compared with 98,000 in the corresponding month in 2007.
In the first half of this year there were 11.74 million outstanding mortgages in the UK, down from 11.82 at the end of 2007, the council claimed.
Stephen Noakes, marketing director at Cheltenham & Gloucester, said there are different deals being advertised on the high street, while homeowners can also speak to a mortgage broker or compare the best mortgages online.
"They should still be confident that there is a choice available to them and it's important that they start at an early stage to look at the different deals that are available," Mr Noakes stated.
According to figures published by the Council of Mortgage Lenders, 47,000 home loans were approved in June this year, compared with 98,000 in the corresponding month in 2007.
In the first half of this year there were 11.74 million outstanding mortgages in the UK, down from 11.82 at the end of 2007, the council claimed.
Compare cheap mortgages:
Privacy Protection learn more