Released on: August 26, 2008, 1:39 am

Press Release Author: Gracy

Industry: Financial

Press Release Summary: More borrowers in UK are now exploring newer options to find
more handy finance alternatives, says the study conducted by GE Money Home Lending.


Press Release Body: London (Shakespeare Finance) August 25, 2008: A recent
observation made by GE Money Home Lending disclosed that now more and more people in
the land of the UK are trying to discover more better finance alternatives, before
they are extended sufficient credit options. There consistent efforts to find a more
suitable credit option, is proving to be absolutely harmful for their credit status.
Not only that, it also involves lot of time wastage.

Head of mortgage marketing at GE Money Home Lending, Mr. Gary Bell said, " The focus
in the mortgage market is now on availability more than anything else, with
financially strong and experienced lenders the most likely to offer credit. In
addition there are a number of dedicated specialist lenders with strong pedigree who
may be able to help meet borrowers' needs." He also added that borrowers should only
resort to those places where they are completely sure of application process. He
also laid emphasis on the fact that the borrower should also consider the image of
lender in mind. An honest and a professional lender is what a borrower should look
for.

The study also backed the fact that now more and more people are turning to mortgage
intermediary market, as the last 18 months have seen the rejections of over 3.4
million people\'s loan requests. While some of them refuses to go further, other keep
trying until they earn themselves a suitable loan deal. Thus overlooking the fact
that the number of times their loan plea is rejected, it is not them but their
credit score that suffers the damage.
For those who are facing difficulties in raising deposit for property in adverse
market conditions, availing loan at cheap rate of interest may be a good option.

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit
http://www.shakespearefinance.co.uk

Web Site: http://www.shakespearefinance.co.uk

Contact Details: United Kingdom