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Latest News
<< Most Recent Articles
Consumers have 'great choice of mortgages in UK market'
UK househunters still have a great deal of choice when it comes to mortgage products, according to one firm.
The Building Societies Association (BSA) has claimed that, although the range of mortgages have depleted over the past 12 months as a result of increasingly stringent lending conditions, the consumer still has a lot of products to choose from.
Neil Johnson, public relations and policy manager at the BSA, commented that customers still have a "very wide choice" and that the market is still very competitive.
Commenting on a recent deal put forward by HSBC, Mr Johnson said: "It's what you would expect in the competitive mortgage market that we've got, where providers actually offer different products that will appeal to different customers."
Some 60 per cent of mortgage products were withdrawn from the market by March this year, according to a Moneyfacts.co.uk survey.
See how much you could borrow with a home loan from Lombard Direct.
© Adfero Ltd
23/04/2008 10:33:32
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