Unbiased.co.uk aims to clear mortgage confusion

Date:Monday 8th November 2010
Author: Susanna Kavka

Unbiased.co.uk has spoken to a series of experts to produce a set of tips that it hopes will clear up much of the confusion surrounding the mortgage market.

Among the professionals the company spoke to was Bob Riach from Riach Independent Advisers, who urged people to switch to a fixed-rate from a tracker if they believe the base rate will rise soon.

Meanwhile, Worldwide Financial Planning's Ronan Marion highlighted how Switch & Fix options are becoming more popular and suggested they could offer additional flexibility for those who do not want a fixed-rate deal yet.

It is currently a difficult time for mortgage applicants, according to Unbiased.co.uk.

"In the current interest rate environment, the mortgage market is leaving many borrowers confused about the right approach to take and the best options open to them," a representative from the firm explained.

Last month, the company's chief executive Karen Barrett noted there have been some important decisions taken in relation to personal finance recently, such as the introduction of Junior Isas and changes to pensions.