This document provides 5 tips for finding a cheaper mortgage: 1) Don't take the first offer and compare deals, 2) shop around as competition between lenders can lead to better rates, 3) look for "loss leader" deals that offer new rates every couple years to save thousands, 4) beware of low initial rates that have long-term penalties, and 5) watch out for redemption penalties if you want to get out of a deal early. It encourages readers to visit their website for more information on mortgage deals.

1. 5 Top Mortgage TipsOur top tips to find a cheaper mortgage.

2. 1. Don’t take the first mortgage you’re offered!There are big differences in the deals you can get amounting to many thousands of pounds over the total length of the mortgage. Make sure you have made comparisons with others!

3. 2. Shop AroundEven today, when there are fewer mortgages being offered, there is still a lot of competition between the mortgage providers.

4. 3. Look for a mortgage lender who is offering a "loss leader"Buy with a view to get a new mortgage deal every 2 yearsor so and save yourself thousands.

5. 4. Don’t be taken in by a low sounding initial interest rate!Very low rates usually come with cunning long term tie ins!

6. 5. Beware redemption penalties!If you want to get out of adeal before the period is up you'd probably have to pay a redemption penalty. This is a charge which supposedly compensates the mortgage lender for the time and expense of your leaving.

7. I hope you found these top tips useful.For more information and more on how we can help, please go to www.bestmortgagesdeals.netand see how what we can do for you!