Mortgages Uncovered

According to the Building Societies Association, there is still a “very wide range” of options available for those looking for a new mortgage deal.  Although it is true that there are far less products available on the market, there are still some excellent ‘competitive’ products, in particular those on offer from building societies, which consistently appear on the best buy tables.

The Financial Services Authority stated that around 1.4 million borrowers will be coming to the end of a fixed rate deal this year so should be shopping around for a new mortgage deal.  In one great deal, the HSBC has announced that it will match current interest rates for those people who successfully apply before the end of June for two years.

PR and policy manager from the Building Societies Association said:

“The HSBC offer is a very competitive one. 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.”