Many people think that comparison websites are just for insurance but you can compare all sorts of financial products on them. They can be extremely useful, but should be used with caution.
If you want to see what types of mortgages are available, so that you can remortgage then this can be a good place to start. It will enable you to see what types of mortgages are available and what sort of interest rates are around as well. You should be able to put together a list of mortgages that you are interested in.
However, it is important to be aware that not every company will be listed on a comparison site. It is easy to be mistaken in to thinking that it has every site listed but this is not the case. In fact, if you go to different comparison websites, you may find different lenders on them. This is because the owners of the comparison website get commission for sales that they generate through their website. There are some lenders who do not want to do this, because it means that they have to put their prices up in order to cover the cost of this commission. Therefore they only advertise their products on their on websites or at branches. Therefore, you need to look wider than a comparison website to make sure that you get an idea of everything that is available to you.
A comparison website can be useful for teaching you about the types of mortgages available and to give you an idea of the range of interest rates. Some of them will even include the fees so that you can compare all of the costs.
Taking out a mortgage is more complicated than other types of lending because the financial institution will want to make sure that the house is worth more than the value of the mortgage, that you are trust worthy with regards to paying it back and that you are who you say you are. These checks are all expensive and that why you will have to pay a fee. Do not let the fees put you off remortgaging, just factor them in because you could save a lot of money in the long term. If the fees seem high, then make sure you look at the interest rate as well as that could be lower and also see what you are getting for that fee, as it may vary. Watch out for hidden costs as well, which may not all be listed on the comparison website.