31
Mar
Small outlets 'offering better deals'
Smaller firms are offering the best mortgage deals during the
present financial situation, it has been claimed.
Head of mortgage services at moneysupermarket.com Louise Cuming
stated that this is the case because of the way these companies
fund what they offer consumers.
But they may face trouble because, as they only have limited funds,
they can go quickly so there may not be a great access to deals, Ms
Cuming added.
However, she asserted, these "niche" lenders are great because they
can initially open up the possibility of best buy deals for
consumers.
"Don't just consider the big players; there are some good products
from smaller organisations that you may not have considered," she
commented.
She added that advice is also crucial for consumers at present as
deals are being pulled from the market "very, very quickly".
Compared with last year, there are 60 per cent fewer mortgage
products on the market, Moneyfacts.co.uk has said. 