UK Money News
24th January 2008
Bestinvest: Mortgage market remains robust
The UK's mortgage market remains in good shape, despite the difficulties facing the wider economy at present, according to the assessment of Bestinvest's mortgage manager Peter O'Donovan.
A recent report from the Council of Mortgage Lenders (CML) indicated that its members have reappraised their lending criteria, but Mr O'Donovon insists that there are still plenty of Britons looking to borrow via a home loan.
Many homeowners faced trouble with money in 2007 and Bestinvest's mortgage expert maintains that consumers should always be aware of any charges they may face when remortgaging.
"I still think things are pretty buoyant because there's plenty of remortgage business which is now getting even harder because of the fees that the lenders charge," says Mr O'Donovan.
Alliance Trust reported earlier this week that British consumers are facing increasingly difficult trouble with money as the impact of the so-called credit crunch is felt around the country.
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