Number of Mortgage Products Up in 2011 in Spite of Tough Climate

It may come as a great surprise to many people in the UK, considering the country is currently facing one of the toughest financial crises’ in its history, but recent studies by financial research firm Money Facts suggest that the number of mortgage and home loan products currently available to UK residents is actually on the rise in the last year.

     With rising competition amongst mortgage lenders who are fighting tooth and nail to secure business in the tougher than ever market conditions, there has according to Money facts been an increase of around 1 5th in the number of products available to UK people seeking home loans. Prices and rates are also at a much lower level moving into the year 2012 than those that were experienced at the same time last year as competition grows stiffer amongst leading lenders and buyers search ever harder for the best deal for their needs.

     However, in spite of these recent surprise opportunities in the home loans market it seems that this may be a short lived phenomena, as the ever deepening situation being experienced in the stricken Euro currency zone is likely to hit the market extremely hard where it hurts having created mass uncertainty in the international financial markets..