Online only
mortgages is a relatively new
sector of the
mortgage market, and one that is set to surge in popularity, according to new findings by the
insurance broker turned
lender Direct Line . Direct Line mortgages have today announced the launch of their first online
mortgage product .
They researched the market thoroughly, and have found that personal contact remains an important part of the
mortgage process . However, once customers have visited a
mortgage broker or local
bank for advice, the lender found that more than half of them seek out the best
deals online .
The
online mortgage market will almost certainly grow, according to 80 per cent of those surveyed. An expert from Direct Line said: "Many
people realise that the best way to achieve value for
money is to go online, as they do currently when taking out a
personal loan . That same philosophy will increasingly apply to buying
your mortgage ."
The
news will be well received by
comparison websites, and online
mortgage specialists such as
www.Justcredit.biz .
