As uncertainty continues in the housing market, experts are recommending direct loans for consumers. Although they are in short supply, often a consumer can save money by getting a direct loan rather than going through a broker. With fees as high as they are, every little bit helps according to these experts that do recommend getting a direct loan if it is at all possible.
“The Bank of England can cut rates but, as we’ve seen over the past year, there’s no guarantee this will translate into a lower true cost of mortgages, at least in the short term,” said Francis Ghiloni, marketing and business development director at mform. “With rates creeping steadily upwards, the advice to borrowers looking for a new deal is clear – look to minimise your exposure to rate rises by ranking your mortgage on the true cost, with repayments as well as all fees.”
Francis Ghiloni, mform.co.uk Marketing and Business Development Director, comments: “Availability of mortgage deals remains the biggest issue for borrowers who do not have equity in their homes. Those who have benefited from the decade-long housing boom can still qualify for the most competitive rates.”
Tags: adverse, credit, loan, mortgage, self, cert, council, car, home, improvement, holiday, remortgage, tracker, fixed, rate, mortgages self, tracker, loan, fixed, holiday, cert, mortgage, car, rate, improvement
Related reading: Direct Loan
Comment on this article