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Consumer demand for whole of market mortgage advice remains high

Over a quarter of people say that they would not choose a new mortgage without advice, research by Unbiased.co.uk has revealed.

The survey found that 28 per cent of people would not take out a new mortgage without independent advice and 23 per cent of people said that today’s complicated mortgage market has made them less confident about finding the right deal than they were a year ago.

Unbiased.co.uk, which offers a ‘find a mortgage adviser’ search, has seen a 1 per cent rise in the number of searches during Q2 2009 compared to Q1 2009. While this looks like a small increase, the number of searches rose by a massive 133% when comparing Q1 2009 to Q4 2008.

Unbiased.co.uk chief executive David Elms says: “In today’s fast-changing mortgage market the need to seek personal, expert advice based on everyone’s individual circumstances has become even more important.

“We are encouraged by the sustained increase in the number of people seeking whole of market mortgage advice to ensure they get the best mortgage deal for themselves.”

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