• Find a mortgage adviser
• Press releases
• Media resources
• Mortgage market research
• Mortgage commentary

• Consumer
• Media
• Adviser

You are here: Home > Media > Press releases > Requests for advice on sub-prime mortgages on the rise

• Media resources
  • Find a media mortgage adviser
  • Press releases
  • Case study request
  • Mortgage market research
  • Media contact information
  • Join the mortgage adviser media directory
  • Amend your mortgage adviser media directory entry

· Unbiased.co.uk’s latest Mortgage Advice Drivers report reveals requests for whole of market advice on sub-prime mortgages leaped in October

· First time buyers looking for whole of market mortgage advice remains the most popular reason to look for advice

New figures from Unbiased.co.uk, the professional advice website, reveals that people searching for whole of market advice on sub-prime mortgages have leaped, increasing from 3% in September to 7% in October.  This is an all time high of enquiries since Unbiased.co.uk’s ‘find a mortgage adviser’ search launched at the end of August 2008.

The top most searched for criteria continues to be first time buyer enquiries, with 38% of total enquiries.  This is a drop from 43% in September and it may show that first time buyers could be holding off until the New Year to start their property search. 

The second most searched for criteria was re-mortgage advice.  This has increased slightly from September 2009, to 29%, but levels have remained steady over the past three months. 

The top ten Mortgage Advice Drivers in the October 2009 were as follows:

Karen Barrett, chief executive of Unbiased.co.uk, commented: “The increase in those searching for advice from whole of market mortgage advisers on sub-prime mortgages points towards a squeezed market for those borrowers.  While an increasing number of mainstream mortgage deals are slowly appearing back onto the market, the sub-prime market remains slow, and these borrowers are therefore scoping out options through which they can access new deals.  Only through seeking whole of market mortgage advice can they be sure to get access to deals across the whole of the market, and ensure they arrange a deal which is affordable to them for both the short and long term.  Those wishing to find a mortgage adviser to get the best possible advice for them can carry out a free and confidential search at Unbiased.co.uk.”

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 going to Unbiased.co.uk.

ENDS

For further information on Unbiased.co.uk, the professional advice website pleases contact:

Sign up to Unbiased.co.uk’s unique Professional Connections service, allowing IFAs, mortgage brokers and solicitors to find and link up with other professional advisers across the UK to expand their current business network.

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

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

Send to a Friend

Your Email:

Your Friend's Email:

Type in the below text:

Your Message: