What the papers say - 24th and 25th May 2008

What the papers say - 24th and 25th May 2008

The weekend financial press offered a good range of mortgage-related articles, with plenty of advice for potential homebuyers and those looking to remortgage.

The Daily Telegraph looked at the benefits of opting for a fixed-rate mortgage, with advice from experts on how long to be tied in for and the best deals currently available on the market. The Sunday Times ran an article detailing how some private banks are offering competitive deals to clients who need to borrow large amounts, or have unusual circumstances. Clients may need to open an account or meet certain benchmarks and the rate often depends on personal circumstances.

The Observer and the Guardian both reported that an increasing numbers of lenders offer different rates through their branches rather than via a broker. Experts warned that by going direct, consumers are being pushed away from advice and are in danger of not getting the right deal for their circumstances.

Finally, the Independent on Sunday offered some good news, reporting that some stability has returned to the mortgage market, with several high-profile lenders even moving to cut rates. Nationwide and Abbey, have both reduced their prices recently and the rush of lenders withdrawing or raising their rates seems to have halted too.

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