Cost of living is going up and nowadays to even consider taking a loan from the bank you can expect a hoard of questions and security checks being made upon your good name. The economy was getting back to normal until George Bush decided to go to war with Iraq! Since then the world’s economy is paying for his mistake.

Mortgage prices have become so high, so much so that you can pretty much expect all your salary going into a mortgage until you retire! In fact in the UK recent studies have proven that the rate of interest on mortgages is higher than ever documented before.

Below is a list of companies that are listed to be the top 6 mortgage lenders in the UK

• Simply Finance
• Barclays Bank 
• The More Group
• B 2 B mortgage
• Woolwich and ocean finance
• Nationwide

In recent studies they are said to have been the best companies on the market as they offer buyers the chance to have a mortgage for home that you live in or a home that you are buying for the purpose of renting. They are also renowned for having low interest rates and flexible payment options. These are vital now with the cost of loans and repayments.

The top banks in England include

• NatWest
• Barclays
  
• Lloyds TSB
• Royal Bank of Scotland
• HSBC

There are other banks and also building societies on the market. However the 5 that are listed above are the most popular UK banking services and they offer excellent services. As with all companies it is important to make certain that you read the small print before signing an agreement. Also make sure that any concerns that you may have are addressed beforehand t o avoid complications.

In the UK there has been may a story of young people just starting out of college and University and finding that they are n debt with the banks. It’s all too easy to get into a debt situation in UK as the banks are willing to hand out loan s like slices of cakes! Beware of the friendly ban staff.