More homebuyers searching through Internet to find mortgage
An industry expert has confirmed that people are happy to research
their mortgage online.
"We find that a lot of buy-to-let buyers like
to arrange their mortgages online
because it an investment and it's all about keeping costs down."
He said that it was more often than not people who already had
a little experience of online mortgages, which went on to arrange
their finances via the Internet.
The spokesman added, "A lot of people are incredibly nervous
about going the whole hog and arranging their whole mortgage
"A lot of people start the process off and get a fair way through
it but, as ever, human nature kicks in at the end and, especially
when you are faced with that final press the button moment, you
think 'am I doing the right thing?'"
A short time ago, moneysupermarket.com stated that many mortgage
lenders were raising their rates, notwithstanding the fact that
the Bank of England opted to keep interest rates at 5.75 per cent
during September period.