View more on these topics says size doesn’t matter has revealed that, when it comes to getting the best deal from a mortgage provider, size doesnt always matter.

Rachel McKay, mortgage analyst from, says: “While consumers may assume larger and well known lenders offer the best deals, be more cost effective and generally pass on the benefits of their corporate wealth to their customers, this is certainly not always the case.

“Also when you compare arrangement fees, this is an area where large companies could reflect their standing by passing on cost savings to their clients. However in the above example, Bank of Scotland were also charging the highest arrangement fee with some 18 smaller lenders offering both lower interest rates and fees as shown in a Moneyfacts residential mortgage search carried out on November 10.

“It is important that the customer realises there is a huge choice when it comes to mortgage providers, and as the information above shows, biggest doesnt always mean the best deal.”


Commercial First agrees strategic relationship with TBMC

Commercial First has become the first commercial lender to agree a formal strategic relationship with The Business Mortgage Company. Under the terms of the working arrangement both parties have agreed to establish service level agreements and to work closely on joint marketing and distribution strategies. Commercial First will be committing underwriting resources, while TBMC has […]

HBOS unveils 10 to let deal

HBOS is expanding its portfolio products across the three brands, The Mortgage Business, BM Solutions andBank of Scotland, to include a 10 tolet product. Available at first through TMB, the product will allow borrowers to have as many properties as they want, provided theydon’t exceed the 10m mark.

Christmas costs first-time buyers 1,000

As if first-time buyers didnt have enough to worry about, a study from the Co-operation Bank has revealed decorating their homes for Christmas could cost new home owners as much as 1,000. While longer-term home owners will have built up their collection of Christmas decorations year on year, first-time buyers spending Christmas in their new […]

Woolwich launches buy-to-let tracker rates

Woolwich has launched buy-to-let tracker rates available from today.The product range includes a Barclays Bank base rate plus 0.89% tracker rate for loans up to 75% LTV, and a BBBR plus 0.99% switch and save tracker for loans up to 75% LTV. They also include a set of stepped trackers with year one headline rates […]


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