How Do You Compare UK Mortgage Rates?
Comparing mortgage rates in the United Kingdom can be deceptively simple. Banks and other lenders want their customers to be drawn to the impersonal, credit-rating based rates offered through online banking, which are driven by automatic systems. For some borrowers, this may be acceptable. For people looking for the best deal that they can find on mortgages, some additional work may be necessary. Determine if you are eligible for the UK Government Mortgage Subsidy. Tenants of buildings owned by housing councils, those on waiting lists for subsidized housing and many government workers are eligible for special subsidized mortgages. If you are in one of those categories, contact the Homes and Communities Agency for more information. The Housing Corporation, which formerly handled subsidized mortgages, was closed in November 2008. Compare the subsidized mortgage rates to those that you might find online or through a bank to determine if they are a better choice for you. Go to an online mo
