Mortgage Comparison Website?

rooban

Greetings guys and Gals. I need some help. Can anyone tell me if there are any websites out there which would work like the mortgage comparison packs available at mortgage vendors out there? I am looking for something which would compare A-Z of all mortage providers and then let me compare the deals? I have tried the one from moneysupermarket.com but found it quite useless! Any good ones? Much appreciated! Thanks in advance

dunstonh

Most of the free ones are useless. You are getting what you pay for.

With data providers able to charge for the data, you are never going to get that sort of information given to you free of charge. You can get some cut down versions of it free but not the full feed.

rooban

Any reasonably good free ones?

UK007BullDog

There are none. All the comparison websites have preferred lenders which they compare. The only people who have all the lenders are independent whole of market brokers who can source the best deal not just by the interest rate but also income, property type and loan amounts.

AndyWallace

rooban wrote:

Any reasonably good free ones?

Daily Star on a Tuesday has a reasonably good comparibles table. If you want a cheap deal then the YBS are doing a 0.5% Tracker for 12 months.

HTH

Andy

HelpWhereIcan

http://www.mform.co.uk is a relatively new one that differs from many in that they use a system provided by Moneyfacts which is used by many advisers (I use it as a back up to my main one) and by many magazines etc to produce best buy tables.

They are essentially a firm that has been set up by a few big wigs from the investment industry who see online mortgages as the next big thing. They plan to offer a non advised service (as we have already seen from a number of sites) and to have direct application links to lenders from their site.

They will pass all requests for advice to L&C.

What makes me laugh is that if you try to apply for any deal (including those not available through brokers) a pop up tells you that there is no direct link available and you need to contact L&C.

I am sure that it is just a temporary glitch and not a deliberate attempt to pass everything to L&C, but you need to be aware of that and the fact that it may be a beta at the mo so do not rely on it 100%.

Really no different from most other broker sites that offer comparisons other than the fact that they use moneyfacts rather than one of the other industry available plug ins and appear to include all lenders including those not available through brokers.

As long as you re 100% sure you know what you are doing/looking for, you may find it better than some.

My mentioning this site is no endorsement of it's accuracy etc. Just think it is interesting due to who provides the data and the fact that it appears to include all lenders.

payless

just did a check on a no ties tracker and a major product (broker only) lender did not come up .. ( also had out of date exit fee info)

about the link with L&C a quick google came up with

L&C has many affinity relationships with other firms, allowing those on financial sites to request contact with an L&C adviser. These include Motley Fool, The Guardian and the Telegraph. A new addition is Mform, an online mortgage comparison site, and a trial is currently underway, offering mortgage advice through Tesco.
Despite reporting problems recruiting into the industry, L&C has had few problems finding candidates. Hollingworth added: "We do not require previous industry experience and will train recruits to CeMAP, and if applicants have experience that is to the good of the firm."

so consumers can use the site, if they understand it / the way mortgages work , might not show all deals but then call a broker ( no chance of face to face) who may have some experience

As stated a good broker will use more than one source , as one can't rely on just one.

jill2002

Why not try http://www.fsa.gov.uk/tables This is straight from the Financial Services Authority !!

Hope it helps

Jill.

dunstonh

FSA tables are notoriously unreliable. Mainly as they publish only default terms and no enhanced terms. The tables are very much an RRP.

That doesnt mean they do not have a use but you wouldnt use them to find the best deal on anything.

jill2002

Dunstonh,

I have found them a good starting point, but you do have to 'dig a bit deeper' as always.

Jill