uSwitch.com launches mortgage price comparison service

uSwitch.com, the leading independent price comparison and switching website is expanding its range of services with the launch of the new mortgage comparison channel.

Consumers can search a panel of 35 lenders which cover the majority of the market. This will enable them to compare the best mortgage rates available whilst offering completely fee-free advice from fully qualified mortgage advisers under the uSwitch.com brand.

Simeon Linstead, Head of Personal Finance, at uSwitch.com says: “uSwitch.com has a proven track record in launching products that are a hit with our site users and the mortgage channel is a strong and obvious addition to the site. The mortgage launch follows hot on the heels of the Car Insurance channel which went live in March 2007 and is testament to our growth at uSwitch.com which is increasingly becoming a one stop shop for consumers.

“The mortgage advice service will be managed by market leading broker Charcol and its team of telephone based regulated advisers. Their experience in the mortgage market, quality of advice and access to best buy deals made them a natural choice to join forces with. The new mortgage channel will search at least 35 mortgage providers to offer consumers the most suitable options available whilst providing completely fee-free expert advice throughout the whole process.”

The Charcol Group has over 30 years experience in the mortgage market and is regulated by the Financial Services Authority.

Simeon Linstead concludes: “The most recent fall in the base rate is good news for consumers, however many mortgage providers are being slow to pass on lower rates of interest to their customers. This makes shopping around for the best deal a must when searching for a mortgage. There are 11.8 million mortgages in the UK worth more than £1.1 trillion. A staggering 1.4 million people have fixed rate deals which come to an end this year. As a result, the mortgage market should see a flurry of activity as people switch to a better deal rather than stay on expensive standard variable rates (SVR). With this in mind, it’s important that consumers get the best mortgage that is suited to their needs and the best way to do this is by comparing all the deals available.”