It’s not all total doom and gloom if you’re in the market for a Mortgage you know. Even Northern Rock, that disaster, is still actually issuing hm. But what has happened is that the market is changing. 125% mortgages are very tough to get now, as are hugely high multiples of income. However, at the other end of the market, if you’ve got a good deposit available, then decent interest rates can be secured.

What’s really happening is that over the past few years risk was not being properly priced in the market. Now we’re getting back to some sort of rational pricing of it: good risks are still getting very attractively priced deals, bad risks are being shunned. Which is, of course, as it should be.

But the thing about markets when they’re changing like this is that it can be very hard to keep up with who is offering what deal, which one would be the best provider for your specific circumstances?

This is something that makes Money Magic such an attractive site. They can guide you through all of the different offers so that you can see which mortgage provider is the one fo you. Remortgage? International mortgage? Trackers? Felxible? They cover all those and more. If you’re in the market for a martgage they’re well worth a look.