Mortgage Lending for buy-to-let property

Did you know that HSBC was the most competitive mortgage lender during the 3rd quarter of this year?

But LTSB's C&G have also been competitive, this is most likely due to the recent government bailout. Other banks such as Halifax have also benefited from this and increased lending support
However October has seen Cheltenham & Gloucester emerging as the ninth most competitive lender which is its first top 10 placing this year www.mform.co.uk says.

HSBC emerged the winner with a total score for the third quarter of 2008 of 42 appearances ahead of Yorkshire with 32 and Nationwide with 17.

The online mortgage company monitors best buy products across all product categories based on the true cost of a mortgage including all fees. Each time a lender appears in the top 10 in the three months to September 30 they were awarded a point and at the end of the period the most points signify those lenders consistently offering good value.

"HSBC's financial strength and apparent relative immunity from the ongoing financial crisis has enabled it to stay ahead of rivals as the most consistently competitive.

"It is still possible to source good deals but borrowers need to understand that the rapid changes in the market make it essential to regularly monitor competitiveness."

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