Approvals of home loans in January 2005 fell to their lowest level since January 1999. Only 126,300 mortgage loans were approved throughout the month, representing a 28% year-on-year drop in mortgage loan approvals. With competition between lenders in the home loans market remaining strong, and fewer mortgage applications to go round, now is a good time to take stock of your mortgage with a view to moving your home loan to a more competitive home loans provider.
Are you paying too much for your mortgage?
Many home owners across the UK do not realise that they are paying too much for their mortgage. A recent survey conducted on behalf of one of the major high street lenders who have a presence on the Internet concluded that at least a third of home owners are paying as much as 2% more for their home loans than they should be. If you’re on a standard variable mortgage rate or have been on a discounted loans product or fixed rate loans product where the preferential rates period has expired, then you too could be paying more than you need to for your home loan.
How to get the best deal on home loans.
To see if you are paying over the odds for your...
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