A leading supermarket has recently announced its plans to move into the mortgage market in early 2011.
No doubt the familiarity of a well known household name could prove to be a lure for those seeking a mortgage from a lender they wish to feel they can trust. It remains to be seen of course what sort of deals will be on offer and there could well be products well worth a look.
Vital Financial Choices call for Professional Advice
However, deciding on a mortgage lender based on shopper loyalty is no way to make such vital financial choices. If a deal from this supermarket is right for you, then you'll hear about it from a whole of market mortgage adviser.
Whole of market mortgage advisers have access to every lender and every deal on the market. They keep on top of developments in the industry and know all about the latest offers and are always ready to provide expert, professional advice on choosing the right deal to suit specific needs. Sometimes on the surface a deal may look attractive, but when broken down it can be the case that another deal would be more suitable or would be cheaper in the long run.
Consider all Factors when Choosing a Mortgage
Product fees; early repayment charges; fixed term lengths: all factors to take into consideration when choosing a mortgage. Don't forget some deals come with free valuations and legal work too which could provide savings you might not necessarily notice straight off, and others come with a cash back offer which could help you out with any early repayment charges when remortgaging.
Your favourite supermarket may appear to be offering the deal of a lifetime, but just make sure you check with a whole of market mortgage adviser before taking them up on their offer: choosing amortgage is of course far more important than doing the weekly shop!
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.