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

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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

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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°

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Scottish Life

The Hartford

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Invesco Perpetual

Standard Life Assurance Company

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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

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