31 Mar

Small outlets 'offering better deals'

Small outlets 'offering better deals'

Smaller firms are offering the best mortgage deals during the present financial situation, it has been claimed.

Head of mortgage services at moneysupermarket.com Louise Cuming stated that this is the case because of the way these companies fund what they offer consumers.

But they may face trouble because, as they only have limited funds, they can go quickly so there may not be a great access to deals, Ms Cuming added.

However, she asserted, these "niche" lenders are great because they can initially open up the possibility of best buy deals for consumers.

"Don't just consider the big players; there are some good products from smaller organisations that you may not have considered," she commented.

She added that advice is also crucial for consumers at present as deals are being pulled from the market "very, very quickly".

Compared with last year, there are 60 per cent fewer mortgage products on the market, Moneyfacts.co.uk has said. ADNFCR-1222-ID-18529815-ADNFCR

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