Does Independent Financial Advice Find a very good Deal FOR YOU PERSONALLY?

After what feels like a long time in recession, lenders are still not keen to lend and until the UK general election has ended, it doesn't feel like very much will change.

Pre credit crunch times had a home loan market providing in excess of 25,000 different mortgage deals and loans galore, but today the UK markets have significantly less than 5000 mortgage products available to the consumer.

So where did the market meltdown come from and may it happen again?

THE UNITED STATES finance markets imploded in the 4th quarter of 2007 because of bad credit on the total amount sheets of large financial institutions, which ultimately caused what's known as a credit crunch.

In a market meltdown, lenders stop lending and start hoarding cash because they are afraid of rising debt, leading to bankruptcies and loan or mortgage defaults. They charge higher interest levels in a bid to stem the flow of business or reject all but the safest loans.

The UK economy had been flooded with accessible borrowed money because the mid 90's, however the credit crunch meant that tightened credit would spell trouble for companies who needing funding in the form of loans to pursue their business plans and the buyer, who had become used to freely extra cash they didn't have, but could easily access on credit cards for expensive purchases such as for example luxurious holidays and smart cars.

The answer to could it happen again is really a simple one, YES!

If an appetite for investment in more risky markets returns, which you have to say it will, then pushing the limits commercially to get extra percentage market share and profit, could lead to the whole lot happening all over again. Having said that, it will require sometime to obtain there, as returning confidence to dabble by investors will be slow to come back, but good times will return and the painful effects will be forgotten.

So, how may be the man on the street directly affected?

Financial planning Oxfordshire and loan lenders are releasing more services on a regular basis and the best mortgage deals of today are soon replaced tomorrow, but the good news is that the deals are getting better and better. The percentage levels that lenders will loan to is increasing and a 90% mortgage, with a competitive interest is out there to be found, if you know where to look.

So how do Independent Financial Advisers add value?

Independent Financial Advisers (IFA's) are well placed to search the marketplace, compare mortgage rates on their client's behalf and secure a great mortgage rate to match the borrower's exact needs. Besides finance, IFA's can provide a good value for money service if you're looking to source top quality, value for money, but cheap life insurance coverage cover and pension plans, with advice that is specifically tailored to the average person or families needs.

Financial advice is available in many guises, the web has led to a plethora of channels being designed for the buyer to utilise when seeking help and advice. Finance related price comparison websites have the added benefit of being a one stop shop for all mortgage, loan and insurance needs. By completing your details once, you have the benefit of utilizing their services to trawl the marketplace and find you the best deals available, but there's still a disagreement for using the services of a local to you, independent financial adviser. The IFA can take the time to understand any unusual circumstances that you will find and tailor their financial advice accordingly and some finance price comparison websites are actually offering both options under one roof to facilitate the requirements of a far wider consumer group.