Row of Terraced Starter Houses in the UK

It’s a great moment in the house buying process, when a mortgage offer is confirmed and you know that one of the major hurdles has been overcome and you’re a little bit closer to owning your dream property.

Almost one in three households – around 30 per cent of customers – is paying too much for its mortgage, according to an interim market study report from the Financial Conduct Authority (FCA). The study, which examines first-charge, residential mortgages, also concluded that many applicants are failing to find the best deal to suit their circumstances.