Struggling borrow? Consider using a smaller lender.

With changes to mortgage rules, lending criteria has tightened up. This has left many would-be borrowers struggling to get on the property ladder, and remortgaging home-owners trapped with their current lender.

If you are unable to get yourself a deal or remortgage to a better rate, the advice is to check the products on offer from smaller UK lenders.

Many people who are finding it tough to obtain finance from a high street lender are turning to smaller lenders such as building societies.

Smaller lenders are able to react quickly to mortgage market changes and adapt their criteria. This means they are in a strong position to offer bespoke products to people whose circumstances do not neatly fit larger lenders criteria requirements. Applications are reviewed on a case by case basis, which means you are far less likely have a ‘computer says no’ experience than with a larger lender.

If you are self-employed, retired, an expat, contract worker or first-time buyer looking for a high LTV mortgage you are advised to check every lenders' range and not just these offered on the high street.

As there are so many lenders UK wide contact Deal Direct for an independent ‘whole of market’ mortgage search.

We have access to ALL mortgage ranges market-wide and will leave no stone unturned in our quest to find you the best product on offer for your deposit level.

For impartial advice and a low rate deal call us on 0800 048 8828.