David Elms, chief executive of Unbiased.co.uk, the professional advice website, comments on mortgage lenders offering better deals to those in negative equity:
“The news that some lenders are offering those in negative equity better repayment options may come as a blow to first time buyers looking for their first mortgage deal or existing homeowners who have kept up with their repayments. However, anyone looking to get a new mortgage deal can make sure they get the best deal possible by seeking whole of market mortgage advice. Only a whole of market mortgage adviser can access products from the across the market and recommend the best mortgage options for borrowers’ individual circumstances.
“In the current climate, the risk of losing out by making an uninformed decision or not having access to product deals from the whole of the mortgage market are greater than they might normally be so we would strongly urge people to seek professional mortgage advice. As some lenders are also starting to increase their mortgage rates questions such as what is the best deal to go for, whether or not to fix may be running through peoples mind. We expect the number of enquiries coming through our ‘find a mortgage adviser’ search to go up over the coming weeks, as borrowers are increasingly turning to professional mortgage advisers for help on their options.”
ENDS
For further information on Unbiased.co.uk, the professional advice website pleases contact:
|
David Elms |
Anna Schirmer/Jennifer Comerford/ Anna Moulds |
|
Unbiased.co.uk |
Lansons Communications |
|
020 7833 3131 |
020 7294 3682 |
To stay connected to Unbiased.co.uk and for up to date news and views you can now follow us on Twitter http://twitter.com/Unbiased_co_uk
Notes to Editors
Unbiased.co.uk, the professional advice website
Unbiased.co.uk is the free and confidential UK-wide search service matching consumers with the most appropriate local professional advisers for their needs. In 2008, Unbiased.co.uk fulfilled over half a million searches for local, professional advice.
The portal currently houses three professional advice searches: ‘find an IFA’, ‘find a mortgage adviser’, and ‘find a solicitor’, and is inviting accountants to sign up for its ‘find an accountant’ service. These searches enable consumers to find relevant professional advisers by postcode, area of specialism and payment method, amongst other options.
IFA Promotion, the organisation behind Unbiased.co.uk, is now in its 20th year, and was set up to promote the benefits of independent financial advice to the consumer.
Unbiased.co.uk’s product provider sponsors
|
AEGON Scottish Equitable Plc |
Lincoln |
|
Alliance Trust |
Lockton |
|
AXA Life |
Lutine Assurance Services |
|
Bright Grey |
MetLife |
|
BPP |
National Savings & Investments |
|
Canada Life Ltd |
Norwich Union Life |
|
Cardif Pinnacle |
Opinium Research |
|
The Children’s Mutual |
Prudential |
|
Clerical Medical Investment |
Royal London 360° |
|
Friends Provident |
Scottish Life |
|
The Hartford |
Scottish Widows Plc |
|
Invesco Perpetual |
Standard Life Assurance Company |
|
Legal & General |
Zurich Intermediary Group |
Registered Office: Unbiased.co.uk is the consumer brand of IFA Promotion Ltd, 90 St. Vincent Street, Glasgow G2 5UB. Registered in Scotland: No. 114606