Mortgages being used as a research tool
Today it is comfirmed that internet
can be a reliable source for mortgage information. A member from
the Alliance & Leicester has concluded that there is a small
interest via online mortgages.
Sally Lauder feels that majority of
people want to discuss their options in person with a mortgage
advisor, as taking on a mortgage is a big step for first-time
People feel talking in person or even
on the phone is much eaiser and helpful then using the internet
however people who understand the mortgage market would find it
much easier to complete a mortgage application online.
Ms Lauder knows that banks have not
yet released the online application facility, however feels they
should in the near future.
Ms Lauder commented, "We find
generally first-time buyers will want to sit down with someone,
because it's the biggest financial commitment they make of their
lives, it's very new."
She added, "They probably won't…understand
mortgages; the different options open to them. They'll want to
sit down with a professional advisor, be that in a high street
branch or with a mortgage broker."
The more experienced home buyers
are using the interenet to check and research the market, internet
revenue is sure to increase in the near future.
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