Saturday, 11 June 2011

Mortgage broker or high street: where to get the best deal | Money | The Guardian

Mortgage broker or high street: where to get the best deal | Money | The Guardian

Six out of 10 borrowers could struggle to get a mortgage from a high street bank or building society in the next 12 months because they cannot put down a deposit of more than 25%, according to research from mortgage broker Legal & General Mortgage Club (L&GMC).

It said the choice of deals available direct from high street lenders remains tiny: those with 10% would only have access to 17% of best-buy products.

The research, conducted with the Association of Mortgage Intermediaries, was produced to encourage consumers to consider using a broker to find a mortgage.

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