Buying a home is a big decision and of course you need to find the money for it which is usually a loan for the majority of the purchase price with you only putting up a 5-10% deposit towards it. The whole business of getting a mortgage has become more difficult recently because of the banking crisis and poor economic outlook, so you cannot expect to go down to your local building society and get the very best mortgage deal, or even necessarily an offer of a mortgage at all.
The good news is that mortgage rates are low, and look like remaining fairly low for the immediate future.
UK mortgage deals however vary widely in terms and conditions and it is often best to consult an independent mortgage broker who has no vested interest in a particular lender but will be motivated to get you the best deal. An experienced professional will be likely to know the best deals around and may have access to special offers than won't be available directly from the lender. (more...)
