The number of new mortgages being taken out may be well short of the volumes seen in the heady days before the banking crisis, but that doesn’t mean the job of finding the best mortgage gets any easier.
The number of home loans on offer is mind-boggling and even if you’ve already worked out whether it’s a variable rate or fixed rate product that you’re going to plump for you still need to fathom out which is the cheapest option for you.
Unlike personal loans or credit cards the answer isn’t as straightforward as referring to a best buy table on a comparison website , although many lenders still market attention-grabbing interest rates, hoping it will be sufficient to win custom from those who don’t take the time to shop around or use an independent mortgage broker.