Press Release Summary: Whether you are a newcomer to the residential property investment game or an old hand, the property finance mortgage market can present a bewildering spectacle. The range of products and options can leave even the most experienced market operator scratching their heads.
Press Release Body: Whether you are a newcomer to the residential property investment game or an old hand, the property finance mortgage market can present a bewildering spectacle. The range of products and options can leave even the most experienced market operator scratching their heads.
However, according to one broker, the prospective borrower has never had it so good. John Charcol say that the increasing coverage received by the property market in the media and on the internet has served to educate the consumer and allows them to make better informed financial decisions.
A spokesman explained that getting the best deal involved looking at the whole of the market and getting an independent opinion, as with any financial services product. People have traditionally gone to someone who is able to look at the whole of the market - or at least \"a good proportion\" of the market.
But now \"that\'s the way the internet has gone\", he opined, adding that mortgage hunting has \"become less hassle\" because the borrower can do all their research in one place, for instance via one of the many comparison sites in operation.
\"You don\'t have to do the traditional running around and getting three or four quotes from various different places and waiting on the phone. There is nowhere near as much confusion in the consumer\'s mind when it comes to mortgages.
He added that \"the more knowledge the general public have about something, the easier it becomes to understand\" and explained that the internet \"has made mortgages a lot easier to deal with\".
Perhaps most importantly, the spokesman pointed out that \"the better informed you are, the chances are you\'ll make a better decision\".
However, a little ironically, John Charcol has noticed that while people are keen to use the internet to hunt for information and news on mortgages, they are less keen to actually arrange the deal online and prefer to conduct business in person.
With the average mortgage being a huge financial commitment - and in some cases the biggest commitment the borrower will ever make - it is perhaps understandable that filling in an application online can make people nervous.
Many people get \"a fair way\" through the application process but hesitate at the last minute. \"Human nature kicks in . you think \'am I doing the right thing here?. And at that point a lot of people do tend to pick up the phone and ask for some guidance and advice,\" the spokesman revealed.
2022
