How many mortgage deals are available in the UK?

The number of mortgage products available on the UK market was above 25,000 in February. According to Twenty7tec, there were 25,090 deals on the market, the highest number ever.

To put that into perspective, there are roughly the same number of items stocked in a typical supermarket. Much like items in a supermarket, the variety of mortgages doesn’t just come from different companies, but from the wide range of products that each company offers. Unlike supermarkets though, where you usually walk in knowing exactly which product you want to buy, there is far more complexity in finding the right mortgage.

That’s where using a mortgage broker really comes into its own. You can think of us as your personal shopper and chef, the equivalent of being able to tell us that you’re hungry and the type of food you like, and we’ll go to the supermarket, find the right ingredients and cook your ideal dinner.

Whilst we will naturally search for the cheapest mortgage rate for you from our extensive panel of lenders, we’ll also make certain that you are eligible for the product we recommend. There are hundreds of different factors that affect eligibility for a mortgage, from more simple areas such as deposit amount, income and credit history, to more complex ones relating to the property itself or unusual circumstances for the applicant. This is where we are refining the meal we prepare for you, fully understanding your preferences and any dietary requirements so that we serve you the right dinner. You may love pizza, but we’ll find out if you like pineapple before choosing a Hawaiian.

So don’t leave your next mortgage to chance, speak to an expert mortgage broker and we’ll find the right product for you.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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Source: Mortgage product availability breaches 25,000 for first time, says Twenty7tec