The main problem with the UK mortgage market at the moment isn't the lenders or choice of deals or difficulty to arrange ITS THE MEDIA!
With a negative news story on the UK mortgage and property market being mass broadcast every hour of every day in the UK across the huge choice of providers we investigate the truth behind the nightmares.
So what do we find when researching todays market from the up to date data available?
There is 95% mortgages available! In fact the lowest rate of these available is a 4.29% tracker until 2012!
There is fixed rates available! The lowest of these is a 3.49% deal fixed until March 2011 with a 5 year fixed rate available from another lender at 4.49%!
Yeah admittedly there isn't any loans in excess of 95% available so maybe the 135% loan to value of property deals are dead but isn't that a good thing in todays market?! There are few lenders who want to take on a bankrupt who has just got out of prison for fraud, which is hardly surprising in a credit crunch, but I think this demonstrates that all is not as negative as we would be led to believe.
Don't take for granted all that the tv, radio and famous "non qualified" financial commentators spout on a daily basis it seems that bad news pays and these people/organisations have little or nothing of a positive nature to say at all that will help the UK out of the mess we find ourselves in.
So its chin up and get your free mortgage or remortgage comparision arranged by an actual person not some online gadget with little connections to the massive UK financial market we still have available. Speak to Mortgage Shop today o FREEPHONE 0800 092 0800.
www.Mortgage-Shop.co.uk Impartial, Independent, Open Market Mortgage Information Online.
