Although its not yet possible to buy a mortgage totally online, because applications need a signature to be completed, millions use the web to research, ask questions and even fill in quote application forms for a loan. These applications are free and have no obligation to buy and are a good way of comparing policies until you find one that suits you best.

The Council of Mortgage Lenders has found that, while most mortgage shoppers prefer to arrange their loan face-to-face with a lender, they often buy after scouting for information using the internet.

Many people also find that starting their application online is beneficial say CML - "Some lenders can go quite far down the line depending on the sophistication of their technology and the details of the application itself"

Not being able to buy on the spot can be beneficial for the consumer, because their is an in built cooling off period until the forms arrive to sign.

"The internet gives people the chance to get hold of lots of comparative information which they might be more reticent to get hold of face-to-face, so in that sense we are supportive of the online services." CML

All the high street lenders now offer mortgage information online an

Making an application and submitting quote requests online is useful for people wanting to find out what they could be offered, particularly if they are sensitive to discussing financial details face-to-face. For example its perfect for people who might have had a bad credit history which will save the embarrassment of seeing someone in person.

To get free quotes on the best UK mortgage providers and more informative articles like this visit The Finance Companion.