High Street Banks may not be best for your mortgage

Despite there being literally 100’s of different mortgages on the market, many clients buying a home for the first time or moving to a new home, make a beeline for the High Street lenders.

Now if you were buying a car you would go to several dealers and compare prices, if you wanted a new TV you would probably visit several stores and even enquire on line. So why not shop around for your mortgage or home loan.

Consumers assume that High Street Lenders must be the best source for borrowing, after all they look big and big means reliable and safe. On the other hand it also could mean large overheads and costs or strict rules. In addition consumers are not aware that a mortgage is a product like anything else and you can negotiate for a deal or get better terms, if you know what you are doing.

Reefs advisors are all qualified and authorised to provide financial advise independent of any lenders. Their commissions and charges are clearly disclosed in all your documentation and they promise a very high standard of service.

“Difficult cases are an area in which we are particularly strong and we always listen,” comments Jerome from Reef, “Clients often write themselves off when times are hard but even the most impossible cases can work out just fine. All it takes is attention to detail and in depth knowledge of the market place.”

Remember even the high street lenders offer selected and special deals that are only available through Independent advisors and brokers.

Author: J Thompson

High Street Banks don't always offer the best deals, 100's of lenders compete for your buisness.

Published on 28/3/2006.

All articles.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Reef Mortgage Services Ltd is authorised and regulated by the Financial Services Authority.