Mortgage advisers recommended for finding the best deal
uSwitch.com has recommended that mortgage borrowers seek expert advice in order to find the cheapest package.
Mortgage lenders have dealt a blow to borrowers who regularly meet repayments by offering better deals to those having difficulty doing so, but cheap packages can still be found using an adviser, according to one expert.It has been reported that homeowners with negative equity due to the fall in house prices are being offered better mortgage options than those who have met repayments or first-time buyers looking for a new deal.
But uSwitch.com says that cheap mortgage packages can be found using a whole-of-market adviser, who can access products from a range of providers and help borrowers make informed decisions.
"The risk of losing out by making an uninformed decision or not having access to product deals from the whole of the mortgage market are greater than they might normally be so we would strongly urge people to seek professional mortgage advice," uSwitch.com said in a statement.
The number of repossessions made due to borrowers not meeting their mortgage repayments has remained stable in the first quarter of 2009, according to a recent report by the Finance and Leasing Association.
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