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Moneyfacts finds consumers cynical about mortgage advice has revealed that consumers know very little about mortgage details and are cynical about the benefits advice will offer.

The Moneyfacts Mortgage Market overview, a poll of the websites 90,000 monthly users, offers an insight into their users opinions and requirements relating to financial services.

The findings demonstrate that almost 90 per cent of consumers know what their mortgage repayments are but only 30 per cent do not know what interest rate they are paying. Forty per cent of respondents plan to move house in 2005.

Results told that almost 50 per cent of consumers would not use an IFA when choosing a mortgage and did not believe that new mortgage regulation would be beneficial to them.


Merrill Lynch appoints European Fund manager

Gavin Corr has joined the European equity team at Merrill Lynch, where he will be managing the Merrill Lynch International Investment Funds European Fund. Corr joins from Morley Fund Management, where he built a top quartile performance record in managing UK unit trusts investing in continental Europe. Prior to Morley, Corr was with American Express […]

First Choice appoints new head of corporate business development

Stockport-based First Choice Mortgages has appointed Ray Ronan in the newly created role of head of corporate business development. Ronan will be responsible for managing the broker database, sales, marketing and running the packager arm of the business. He hopes to significantly increase business volumes within the next three years. Previously to joining First Choice, […]


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