MORTGAGE SEEKERS "SPOILED FOR CHOICE"

There is no lack of choice for home owners looking for a suitable mortgage, according to a leading Bristol financial adviser.
"In fact, you could say they are spoiled for choice right now with thousands of mortgage products currently available," says Jonathan Mayall, of the award-winning Mortgage Advice Bureau (MAB).
"The number of mortgage products on the market from lenders increased to more than 7,400 during the first two weeks of this month after averaging a little over 7,000 in May.
"This demonstrates an increasing willingness to lend and more products means greater competition and better rates for borrowers as lenders withdraw and re-introduce new products, refreshing and re-pricing existing mortgage deals.
"Average mortgage rates for two- and five-year fixed rates have fallen back and now stand at 4.44% and 5.44% respectively while average two-year tracker rates have also reduced further to another new low of 3.38%."
Jonathan Mayall, based at Besley Hill Estate Agents' Fishponds office, is one of a team of MAB representatives providing financial services at Besley Hill's offices throughout Bristol and Gloucestershire.
National awards won by MAB include Best Mortgage Broker and Best Protection Broker.