Experts warn get mortgage advice before commiting to a mortgage deal
A recent report has suggested that mortgage advice should be taken aboard before people take out a mortgage.
Catherine Hearnden who is the director at MYMortgageDirect has said that getting advice regarding a mortgage deal is more important than ever during the economic down turn.
Catherine Hearnden commented: "There are so many deals out there, which I think is right, because different deals suit different borrowers. There are different loan sizes and different mortgage terms and so many different options out there for different people."
She went on to say: “That if people base their decision on offers such as fee-free arrangements, they may lose out on deals that would have worked out cheaper for them over the long term.”
These comments come on the back of the Yorkshire Bank stating that it would charge no fees on new customers wishing to remortgage.
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