Egg launches online mortgage service

Online mortgages will account for 10% of all mortgage sales by 2004, according to online financial services provider Egg. This bold prediction was made as Egg launches its new online service, Mortgage Supermarket, which claims to give borrowers access to hundreds of mortgages at the click of a mouse. According to Egg, research shows that homebuyers are shunning the high street in favour of finding a mortgage online. Trevor Field, director of lending at Egg, said: "We believe that more consumers are enjoying the benefits of browsing for deals, using online tools and comparing rates...