The internet is the perfect starting point for embarrassment-free, hassle-free and largely cash-free mortgage research. Although many British adults have no fear of financial transactions over the internet, they still need some convincing over the potential of buying a mortgage online. Not all the mortgage lenders offer online mortgage services. Some of the leading leading mortgage lenders offering this service include Alliance & Leicester, Egg, Nationwide Building Society and Halifax.
Broadly speaking there are two types of online mortgage sites - mortgage lender sites and mortgage brokers. These differ enormously in quality, style and content. The major problem with most of these sites is too much information, which results in wastage of time or makes it difficult to distinguish between advertising material and researched editorial.
Certain sites allow comparison of mortgages next to each other. Most mortgage sites offer a telephone helpline or link to quality mortgage advice which may be free or charged. When using an online mortgage site, be wary of internet sites which might be set up by a few East London geezers chancing their arm in the mortgage top up UK leads game. They may just be throwaway sites with no proper support, run by people who sell on your contact information with the result your phone will be ringing off the hook for the next few weeks with calls from eager salesmen, flicking through a database, and finding your name. When looking for an online mortgage broker do some research in order to find one that can get the most favorable terms. Use following checklist to scrutinise an online mortgage broker: - Time taken to respond to queries - Company name - Registered office with a street address - Telephone number - Years in business - Name of mortgage broker personnel mentioned on the site
In this and following articles we'll be reviewing a comprehensive selection of UK online mortgage resources.
1. ABC Loans
The service is designed to be as easy as possible to use to take the hassle out of finding the right kind of mortgage. Service is effective, friendly, and 100 per cent confidential. Claims to obtain offers even if refused a mortgage by other lenders.
2. Alfa Mortgages
Alfa Mortgages arrange and broker mortgage deals for any amount up to ?1 million. They offer loans up to 125 per cent of property value. Claims to able to help borrowers who are: i)self-employed, with or without any proof of income or ii)have a poor credit history or iii)have had court judgements against them or iv)have fallen in to arrears on a loan or defaulted on prior mortgage
Alfa Mortgages also claims to be able to aid individuals who have faced an individual voluntary arraignment or are a discharged bankrupt.
For many more reviews of respected UK mortgage institutions online, please visit Part II of The Complete Guide to Online UK Mortgages.
- Baigrie Davies and Co. Limited
Baigrie Davis and Co. Limited are a completely independent firm of financial advisers based in the City of London. They are one of the most highly qualified of all the IFA practises in the UK, and several of their advisers hold the coveted Certified Financial Planner qualification. They provide high-quality, truly independent advice to find a mortgage. One of the specialities at Baigrie Davis is mortgage finance and brokering services.
- Beech Finance
Beech Finance is a member of the Finance Industry Standards Association, and as such is regulated by the Financial Services Authority. They try to find the best mortgages or remortgages on the market. Since 1994, Beech finance has helped many thousands of people with mortgage brokering. They deal with a huge variety of lending organisations, making sure that the deals you enjoy are the best out there, anywhere, even if your credit is less than perfect. The same high level of service extends across England, Scotland and Wales, and the same individual will guide you all the way through the mortgage process.
- Berkeley Morgan
Although being professional, Berkeley Morgan claimed to be fun to deal with. They provide independent financial advice across a range of different fields, including retirement planning, mortgage broking, savings & investments, venture capital trusts, film schemes, ethical investments, school fees planning and annuities serving the unique and individual needs of a huge variety of clients. Berkeley Morgan provide serious, hard-hitting financial advice with an innovative approach saving both time and money.
- Broker It Free
Broker it Free has wide access to the lending market in the UK, providing a choice of different mortgage products from a variety of providers. Claims to offer the best deal possible. They provide fast quotes from a variety of lenders and exceptional quality mortgage advice and information, enabling you to make the correct choice. As well as making sure that your interest rate (and monthly repayments) stay low, Broker it Free will help you choose a mortgage loan that offers benefits such as flexibility, cashback or a discount. They also deal with all the paperwork and correspondence needed to set it up saving your time and freeing you from the worries of administrative paper work. They do not charge any fee.
- Burns - Anderson
Burns - Anderson is the longest established network of Independent Financial Advisers in the UK and runs a large network of financial advice firms and provides numerous support services directly regulated by the FSA. They provide bespoke, market-leading, innovative solutions from their teams of financial advisers. Burns-Anderson is fully authorised by the FSA to provide advice and recommendations for mortgages, insurance and investments. They offer a whole of market range, and their panel has some of the most respected financial institutions in the UK. Their panel is screened to make sure all companies offer quality products and services and also treat their customers fairly.
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