Choice and availability 'still open for good borrowers'

There is still a range of choice and availability open to good mortgage borrowers in the UK, according to an expert.

Nationwide''s chief executive Graham Beale has stated that those who are reliable and sensible with their finances can still find good deals in the market.

However, he added that quality deals are generally more expensive, while there is also a "repricing of risk".

Mr Beale also went on to outline his thoughts on when consumers can expect the re-introduction of "super-size" deals.

"I can''t see 100 per cent loan-to-value loans returning in the market in the medium term - let alone the short term," he explained to the Financial Times.

The Nationwide chief executive''s comments have come after another expert claimed that the need for mortgage advice is likely to increase in the coming months.

David Elms, the chief executive of IFA Promotions, said that expert advice on financial issues is generally valued more when a market can be described as volatile.

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