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As is generally the case with most purchases, a loan is no different, you start with a need or requirement and then work out how much you want to spend. This is all part of the research stage to get the best deal for your circumstances.
With the advent of the internet, the process for finding a loan has been a little quicker and accelerated in terms of the decision making and seeing what products the market has available.
However, I would urge you to read and understand the small print, since as always, everything is in the detail i.e. if you're looking for something flexible that you can over pay without penalties then you don't really want a fixed 10 year deal with no early exit clause.
There are a great many financial products comparison websites available so this is normally a good starting point.
However, there are some great deals to be had if you go greatly to some of the banks as they tend not to deal with a middleman, so hopefully that cost is since as a saving to your premium.
With the credit crunch, many banks and lenders were shown to have been too agressive with their strategy and have ended up in trouble. Therefore, one factor you should consider is the stability of the institution or company that you do business with.
Here's a list of lenders to help start your process, click on the links of the left to go straight to their websites.
Barclays bank
HSBC bank
Lloyds bank
Royal Bank of Scotland Group
Standard Chartered bank
Co-operative Bank
The Woolwich
Northern Rock
Bradford & Bingley
Alliance & Leicester
Abbey
Halifax
Goldman Sachs
Bank Of America
Santander
BNP Paribas
Citigroup
JPMorgan Chase
Mitsubishi UFJ Financial
