Direct mortgage lenders provided 81 per cent of market leading rates in the past 12 months, newly-released research has shown.
According to data released HSBC and collated by Moneyfacts, best buy tables continue to be dominated by these groups.
In terms of the two-year discount, lifetime tracker and five-year fixed mortgage categories, all of the top deals featured come from direct lenders .
Peter Dockar, head of mortgages at HSBC – which was established in 1865 to encourage trade between Europe, India and China – stated people are no longer looking to brokers to get the most attractive offers.
“Borrowers need to check newspaper best buy tables, comparison sites and lenders directly to ensure they are getting a great deal,” he added.
It comes after the bank made a commitment earlier in the month to provide an additional £350 million for those who have equity or a deposit of less than 15 per cent, with a maximum loan-to-value of 90 per cent.
Recent figures from Paragon Mortgages have also found buy-to-let mortgages are rising in popularity, with the third quarter of 2011 bringing a 3.1 per cent hike.
