From: John Boyle 
Newsgroups: uk.finance
Subject: Re: Online Mortgages
Date: Fri, 18 May 2007 19:39:11 +0100

In message <1179479417.618607.271790@q75g2000hsh.googlegroups.com>, 
David  writes
>
>Hi
>
>Is there such a thing out there as online mortgages that have a better
>rate than the high street offers? There seems to be everythng else
>online such as Bank Accounts, Savings, Loans etc...But I have never
>heard of any online mortgages! Please help.
>
Not as such. The reason is that the cost of a mortgage the lender is 
underwriting it and setting it up. These days most mortgagees prefer 
their mortgages to be introduced by brokers and often it is the brokers 
who input the details for the lender. The only ongoing cost to the 
lender are the annual statement and changing the payments when rates 
change etc., Therefore, there are very few savings to be obtained for a 
lender by offering 'on line' mortgages.
-- 
John Boyle