Qualified advisers answering your
Financial Questions
call 0800 092 1245

When Will Competition Return To The Mortgage Market?

The UK mortgage market has been something of a graveyard for many of the major players over the last 12 months with finance hard to come by and reliable customers even harder to find. So when will we see a return of good old fashioned competition in the mortgage sector? When will we be able to signup knowing that we have a competitive rate AND competitive terms and conditions?

At this moment in time many mortgage providers are literally treading water, very careful not to take on business which will further reduce the quality of their loan books. Indeed we are seeing the likes of the Northern Rock affectively pushing customers out of the door and into the arms of competitors in the market place. There was even a case just weeks ago where a mortgage company were 'paying' customers to move by reducing the value of their loans if they refinanced their agreements elsewhere!

The UK mortgage market has been one of the more competitive in the world for some time and while competition may be difficult to gauge at the moment, it will return when the housing market picks up. Until then it is simply a case of finding the best rates AND the best terms and conditions to suit your situation with the possibility of refinancing your mortgage when business returns to 'normal' levels.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details