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·   Almost a third (29%) of consumers searched for remortgage advice in April

·   Unbiased.co.uk’s latest Advice Drivers report reveals an increase to 41% of first-time buyers searching for details of a whole of market mortgage adviser

With more mortgage deals available on the market now compared to a year ago, latest figures from unbiased.co.uk, the professional advice website, reveal a small increase in the numbers of consumers searching for remortgage advice. This has increased by 1% in April, to 29% of the total number of enquiries through unbiased.co.uk’s ‘find a mortgage adviser’ search. 

First-time buyers wanting to get onto the property ladder remain the number one ‘advice driver’ for enquiries for a whole of market mortgage adviser, and this has increased to 41% in April from 40% in March. 

The third top ‘advice driver’ was from people seeking residential mortgage advice, which remained steady from last month at 23%. With the re-introduction of higher loan-to-value of deals, those seeking whole of market mortgage advice on high loan-to-value products has spiked to a high of 9% in April, increasing from just 7% in March.

Karen Barrett, Chief Executive of unbiased.co.uk, commented: “While the housing market may still be a little uncertain due to the knock on effect of the General Election, more affordable deals with higher loan-to-values have come onto the market place – and it is clear this has prompted many prospective buyers to start investigating their mortgage options. As property prices are slowly starting to rise again, those looking to remortgage are also re-assessing their current deal and appear to be on the lookout for the right move.  

“However, with such an increase of new deals on the market place, it can be confusing and daunting to know where to start, therefore it is essential that both first-time buyers and those looking to remortgage seek professional advice to ensure they are making the best decisions for them. Only a whole of market mortgage adviser can give advice on products from across the market, which suit the individual’s needs and financial position.  You can visit unbiased.co.uk to find a qualified, local, whole of market mortgage adviser who can guide you through the mortgage maze.”

The average top ten Advice Drivers in April 2010 were as follows:

The report is compiled on a monthly basis from comprehensive data collected as a result of individual consumer selections made when requesting details of a local mortgage adviser through unbiased.co.uk.  Consumers can carry out a confidential and free search to find a whole of market mortgage adviser near them by visiting unbiased.co.uk. 

ENDS

Karen Barrett, Chief Executive, unbiased.co.uk: 020 7833 3131

Anna Schirmer/Anna Moulds/Charli Scouller, Lansons Communications: 020 7294 3682

For expert commentary or case studies from over 150 media-friendly IFAs, journalists should visit www.unbiased.co.uk/bluebook.

Twitter: @unbiased_co_uk

LinkedIn: Unbiased.co.uk - Online networking for professional advisers

About unbiased.co.uk, the professional advice website

The unbiased.co.uk portal is a free and confidential UK-wide search matching consumers with local professional advisers: ‘find an IFA’, ‘find a mortgage adviser’, and ‘find a solicitor’, and is currently inviting registrations for its ‘find an accountant’ service.  These searches enable consumers to find professional advisers by postcode, area of specialism, qualification and payment method. In 2009, unbiased.co.uk fulfilled half a million searches for local, professional advice. 

IFA Promotion, the organisation behind unbiased.co.uk, is now in its 21st year, and was set up to promote the benefits of independent financial advice to consumers.  IFAP is sponsored by the following companies:

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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