Mortgage Comparisons were once the exclusive domain of mortgage brokers. There was no other way to get access to most of the mortgage deals on the market without consuming copious amounts of time trying to lookup and contact the various mortgage lending institutions yourself. That has all changed, as have many other forms of business and ways of doing business with the arrival of the Internet. And things are still changing.
Turn on the television now, and it is not mortgage lenders or mortgage brokers dominating the visual landscape, but mortgage comparison sites. Can we say meerkat, or opera singing oversized Maitre D’ with dodgy moustache? Bet that instantly brought 2 of these sites to mind that have launched strong memorable domains. Not only did you just visualise the characters in question, you probably even remembered the jingle, catchphrase or slogan of each which remind you exactly what you need to type into your Internet browser to get to their home page and start comparing mortgages now!
In fact just to go off on a tangent for a minute, maybe you have even purchased the meerkat’s autobiography which was a Christmas bestseller! Now that’s scary, but proof of the power of the Internet, a web servce that people need, and a good investment on a marketing campaign in action. What a bizarre side project to emerge from a skilful bit of faux advertising – remember the advert is complaining about coming to the wrong website!
And now you can save a lot of money by using these sites as opposed to going through a mortgage broker, which you may not feel you need, or settling for an expensive deal because you do not have the time or means to effectively scour the market to find the best mortgage deals.
So what sites do we have available in the UK?
Well we have first of all our earlier protagonists. Or perhaps that should be one anti-protaganist and a protaganist:
http://www.comparethemarket.com
http://www.gocompare
Then we have a few others
http://www.moneysupermarket.com/mortgages/
(oddly one of the oldest companies but they have not produce an ad that matches the memorable runaway success of the other two.)
http://www.fool.co.uk/mortgages/
(popular website dealing with stocks and shares investments)
http://www.beatthatquote.com/
http://www.moneynet.co.uk/mortgages
http://www.uSwitch.com/Mortgages
http://www.totallymoney.com/mortgages/mortgage-comparison-sites.aspx
http://www.moneyfacts.co.uk/compare/mortgages/best-sellers-mortgages/
http://www.fairinvestment.co.uk
http://www.totallymoney.com/mortgages/mortgage-comparison-sites.aspx
What’s So Great About Mortgage Comparison Sites?
These sites that compare mortgages are fantastic because they present you with the best mortgage deals at a glance. You simply select the category or type of mortgage you want – variable, fixed, remortgage, buy to let etc. and then you will presented with a table of deals. Some sites let you refine the details further so you can find the deal that most closely matches your own needs and requirements.
Never before in history was it so easy to get a view of what’s on offer across the market. Of course the one thing that they can not help with is turning back time. Gone are the days of 95% loan to mortgage value offers, you will need to lay down a much larger deposit now. And that is not likely to be changing anytime soon. That makes mortgage comparison sites all the more important to help you identify the best deal that you can get.
