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Despite a decrease in the number of mortgage products available, Firstrung claim s there are "enough" new products on the market.
Moneyfacts recently reported there are 40 per cent fewer mortgage products than three months ago but mortgage provider Firstrung claims new products are not the answer to current problems in the industry.
It reports there are still more than 3,000 mortgages available and that there is no need for product innovation.
More than half of people moving home in the run-up to Christmas claim there festive budgets will not be affected, according to new research.
Alliance & Leicester claim nearly a quarter of people buying houses will move in the 12 weeks before Christmas.
Ten per cent of movers began budgeting for the upheaval and expense earlier in the year and nine per cent say they plan to cut down on Christmas spending in order to make up for the additional costs.
There has been an increase in the number of young professionals investing in property as a future asset, according to Liverpool Victoria (LV=).
It claimed government and media attention to savings and pensions have contributed to an increasing "awareness" surrounding personal finance.
Spokesperson for LV= Lucy Pope said: "A lot of messages about making sure you save for the future and retirement ... are coming through."
Despite a decline in gross lending for September, the remortgaging market continued to grow.
According to research by the Council of Mortgage Lenders (CML), remortgaging increased from £11 billion in August to £11.1 billion over the next month. It saw a growth of over £1 billion compared with the same period in 2006.
People looking to purchase a home are being faced with unexpected costs, says Key Financial Consultants.
The financial advisers claim buyers are underestimating legal fees, stamp duty, conveyancing and deposits when planning to buy a property.
It also claims that there has been an increase in lender fees since the introduction of regulation in November 2004.
The yearly growth rate for individual lending remained at ten per cent for September, according to the Bank of England (BoE).
Total net lending to individuals reached £11.2 billion, higher than August's figures of £9.5 billion. Net credit card lending rose by £0.3 billion and other loans and advances rose by £1 billion.
People relying on credit to pay off their mortgages or rent may be making the right move, says the Debt Advice Bureau.
The charity claims that technically buying a house on a credit card has proved successful for some people.
Families with mortgages are saving less and also reducing their monthly borrowings, according to a new report by Alliance & Leicester.
It reveals that people saved 2.1 per cent of their income in the first quarter of 2007 and 3.1 per cent during the second quarter. People with mortgages had 52 per cent less savings than those without, up from 46 per cent in January.
The report also says that people with mortgages are 50 per cent more inclined to reduce credit card debts and other unsecured borrowing than the rest of the general population.
It is important to assess the full range available before choosing a mortgage for the first time, says FirstRungNow.
"First-time buyers need to look at all the different options; that's why we recommend people speak to brokers or advisers, to look at the whole market, not just one [product]," said Helen Adams, managing director of FirstRungNow.
Six per cent of people have used credit cards to pay off their mortgage or rent in the last year, a survey by Shelter's ROOF magazine has revealed.
Just over seven per cent of 18 to 24-year-olds have done so over the last year.
"Ordinary people are being forced to seek more risky and expensive ways to stave off the threat of eviction and repossession," said Shelter chief executive Adam Sampson.
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