Today's homebuyers are facing a bewildering array of mortgage products, with one UK lender offering over 200 different options, according to eMoneyfacts.co.uk.
The website says the large number of products on offer can be helpful for those in special situations but a financial adviser should be consulted so that buyers can get the most suitable combination of rates and fees. Research by eMoneyfacts.co.uk found that Abbey has 89 different mortgage products, Cheltenham & Gloucester offer 101, and Standard Life has a range of 219 different products. Julia Harris, mortgage expert at eMoneyfacts.co.uk, comments: "Choice is a good thing as far as the consumer is concerned, but it has become so vast that assistance from a financial adviser is pretty ...
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