Online
mortgages could be on the verge of a boom, according to
Direct Line .
Direct Line, which provides
car insurance,
home insurance and
travel insurance, states that almost twice as many people would be likely to
find a mortgage online if they thought it was the best deal available.
David Dyer, commercial
director for
Direct Line mortgages, commented: "We believe that the
online mortgage market is ready for strong growth in a similar way to the increase in recent times of
grocery,
music and
book shopping online .
"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 ."
Direct Line has launched its first online only
mortgage in the UK, a two-year
tracker mortgage with a
rate of 4.19 per cent.
This reverts to a long term
tracker rate of six per cent, also features 20 per cent off a
home insurance policy for two years and two years free
home emergency cover .
