Smaller lenders high LTV best mortgage offers increase in number.

High loan to value best mortgage offers through smaller lenders are increasing in number.

The FSA's Retail Conduct Risk Outlook has said that as the result of six high street lenders dominating the market, some smaller mortgage lenders who have higher funding costs are considering alternative ways to compete for business.

The FSA advises that it is seeing the launch of various innovative new mortgage products in the high loan to value sector, as smaller lenders look at ways to help first-time buyers with small deposits.

Some of the high LTV best mortgage offers include new generation guarantor mortgages which allow parents savings to be used to offset a child’s mortgage.

The FSA has said while market conditions stay relatively flat they anticipate seeing increased innovation in mortgage products offered. The regulator adds that it plans to continue to monitor developments and will ensure new products are clearly targeted and sold to customers.

Deal Direct are able to source mortgage deals from any UK lenders. We are up to date on the rates offered by both high street lenders and smaller banks and building societies and are well place to find and compare the best mortgage offers on your behalf.

Whether you are looking for a mortgage to buy your first home or a remortgage deal to achieve a better rate contact Deal Direct today for the most competitive rates on offer.