Two in five UK homeowners do not compare all mortgages before taking one out, despite citing interest rates as the most important factor when considering a mortgage, according to Moneysupermarket.com.
The research also revealed that only one in five people compared several options and providers themselves before making a decision, and a further 22% took the advice of a mortgage broker when changing mortgage. Louise Cuming, head of mortgages at Moneysupermarket.com, says: “Brits should be concerned – with so many people choosing their mortgage without comparing the market it is inevitable that many will not be getting the best deals.” The survey also found that 82% of homeowners said low interest rates were the most important factor in choosing a mortgage, while 41% of respondents said ...
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