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National Mortgage Helpline proves a hit with homebuyers.

London -- London, March 7 /PRNewswire/ -- Launched in January of this year, the National Mortgage Helpline, a 24 hour service which quickly and easily enables homebuyers to speak to a qualified, independent mortgage adviser in their area, has proved a hit with those looking for their next mortgage or re-mortgage.

"With over seven thousand mortgage products from over 400 lenders it makes sense to speak to an independent expert and people obviously recognise this fact," says Nigel Pritchard, a spokesperson for the National Mortgage Helpline. "Since the service launched we have had over 4,000 enquiries."

"We've had a wide cross section of people contact us for help," says Pritchard. "One person we helped recently wanted to consolidate Au52,500 worth of loans and credit cards by re-mortgaging his property. Even though the applicant had a history of arrears and missed payments, our adviser managed to clear his debts and reduce his monthly mortgage payments from Au1,350 to Au950 - a saving of Au400 pounds a month.

"Another caller approached us for a Au575,000 re-mortgage for a property worth Au1.2m. He explained that as a 'premier' banking customer he felt he was not getting the best deal to meet his own particular circumstances with his current mortgage that he had with one of the high street lenders.

"He wanted a more flexible mortgage which allowed him more control than his current mortgage allowed him. One of our local advisers arranged a face-to-face meeting with him and 24 hours from the initial telephone call an agreement was made in principle with Standard Life."

The National Mortgage Helpline is a national alliance of hundreds of independent mortgage advisers throughout the UK who all meet the professional qualifications required by the Mortgage Code Compliance Board (Mortgage Board), the consumer watchdog and non-statutory regulator of the UK home loans market.

Using the National Mortgage Helpline consumers can quickly and easily talk to an independent mortgage adviser in their local area who will try to find the right mortgage for them. The advice is free and there is no obligation on the part of the consumer.

To get expert advice on your next mortgage, or remortgage, simply call the freephone helpline on +44 0800 180 4444. Lines are open 24 hours a day, seven days a week. You will be asked a few simple questions, which only takes a couple of minutes, and your details will then be forwarded to an independent mortgage adviser in your area who will telephone you directly. Alternatively you can enter your details online at http://www.national-mortgage-helpline.co.uk/ , using a simple form.

Any qualified mortgage advisers wishing to join the National Mortgage Helpline advisers alliance should call +44 01306 731521, or enquire online by clicking on the "Join Us" link on the web site.

Press Enquiries: Nigel Pritchard, Marketing Director, National Mortgage Helpline +44 01306 731 521 nigel@nmh.co.uk
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Date:Mar 7, 2003
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