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The reason there are so many mortgage lenders is that they many have areas in which they are specialists. They cater for different situations and require that their borrowers meet their specific lending criteria. Amongst the many lenders there are those that specialise in Prime, Adverse, Self Cert, Buy To Let , Commercial, and Specialist borrowing.
May, 8th 2007
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Specialist mortgage lenders cater for people with non-standard situations. They develop their products so that they are appropriate for the people they are lending to. This can sometimes mean they have early redemption fees, or favourable starting rates followed by their standard rates. Getting the best deal from a lender can be a very complicated process, and it is often best to seek professional advice from a mortgage broker.
June, 4th 2007
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