Mortgages

Mixed opinions being expressed by experts in the mortgage industry has left homeowners confused over which mortgage to choose, according to Abbey Mortgages.

Research from the broker has revealed that almost two thirds of homeowners would find it difficult to chose a new mortgage if they were forced to make the decision tomorrow.

Nici Audhlam-Gardiner, head of Abbey Mortgages, said: "Depending on who you talk to there are different outlooks for the UK economy and for Bank of England base rates. While most economists agree they will go down, there is debate about how much they will fall and when."

She added that the uncertainty is leaving homeowners with "a bit of a dilemma on their hands" concerning the best mortgage to go for.

The research also revealed that the two-year fixed rate deal is still the most popular among borrowers.

Abbey was acquired by Banco Santander in 2004 and is one of the largest providers of savings and mortgages in the UK.

Mortgages is a loan agreement secured by property, an agreement by which somebody borrows money from a money-lending organization such as bank or savings-and-loan association and gives that organization the right to take possession of property given as security if the loan is not repaid.

Above article had clearly stated that AbbeyMortgages had successfully became one of the largest providers of savings and mortgages in UK. So, for those who needed mortgages, an experienced, popular mortgages will be the wisest choice!