Whether it is homeowners seeking a mortgage to buy a house or business bosses looking for commercial mortgages, it would seem that it is important to get some advice on the subject.
Catherine Hearnden, director of independent financial advice group MyMortgageDirect, said that "there are so many deals out there" to choose from.
She suggested that there are many elements to consider when trying to secure a mortgage such as looking for the best rate, as well as the most suitable "combination of rate, fees, how interest is charged [and] whether you can make overpayments".
Ms Hearnden also indicated that some mortgage holders will have benefited from the low interest rates this year.
The Bank of England's monetary policy committee brought the cost of borrowing down to 0.5 per cent in March 2009 - a record low - and it has remained at this level for the last six months in a row.
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source: http://www.mortgagesforbusiness.co.uk/news/detail/Seek_advice_before_choosing_mortgage/4361/65.aspx
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Tuesday, September 15, 2009 |