Getting on the property ladder is not easy these days, especially for younger people and first-time buyers. There’s plenty to think about when looking for the right house, let alone finding the right mortgage with so many different mortgage options out there. When thinking of buying a house, shopping around for a mortgage is extremely important; without properly researching what’s out there, buyers risk signing a deal that may not be in their best interests, and could end up paying more.
Before you even start looking to get a mortgage you should always make sure that you are aware of the state of the current housing market. Once you’ve made all the researches about the area you’d like to buy in, only then you should look around the many price comparison websites. This will give you a feel for what sort of mortgage deals are out there and which ones are the most adequate to your situation.
Totallymoney.com for example, returns results from over 3,000 mortgage companies; it searches for deals from the entire mortgage market and displays them objectively.
Note that not all price comparison websites provide every available offer on the market and brokers typically only include mortgages that they can sell themselves, so the best deals may not necessarily be included.
On the other hand, there are certain deals that can only be available through specific brokers this is why it is important to shop around and take your time before making a decision that will follow you for the next 25 years.
Note that not all price comparison websites provide every available offer on the market and brokers typically only include mortgages that they can sell themselves, so the best deals may not necessarily be included.
On the other hand, there are certain deals that can only be available through specific brokers this is why it is important to shop around and take your time before making a decision that will follow you for the next 25 years.
It is also worth noting that many online mortgage calculators can only give the approximate costs and will rarely include fees and charges. In reality, these play a significant part on total monthly costs, so having these calculated will prevent any unpleasant surprises in the future.
In the end you may still choose to consult an Independent Financial Advisor, and we would recommend that, but searching first on a mortgage comparison website will give you a good starting point in understanding what your options are and what you are likely to be able to borrow, at what rates and over what period. Most importantly you’ll be able to budget for your total mortgage costs when considering making an offer on your new property.
via:http://blog.thebigpropertylist.co.uk/tips-for-finding-the-best-mortgage-comparison-websites?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TBPL+%28Property+News+-+The+Big+Property+List%29
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