- Unbiased property interest soars with 133% growth in mortgage interest since the market reopened on 12th May.
- 117% increase in mortgage adviser enquiries since 12th May
- Largest growth areas include:
Unbiased, the UK’s largest online professional advice marketplace, connecting people to top financial advisers, mortgage brokers, solicitors and accountants nationwide, has seen an increase in interest in its mortgage adviser matching service soar 133% since the market reopened on 12th May following the temporary lockdown of the UK mortgage market due to the Coronavirus pandemic.
The challenges the property industry faced due to lockdown included a stop to in-person valuations which impacted both new property sales and remortgaging.
Figures released by Unbiased has shown a 164% uplift in enquiries from people looking to move home with much of the interest coming from first time buyers.
A surge in demand for mortgage advisers through the Unbiased platform suggests that people have been desperate for restrictions to be lifted so that they can move forward with their home search and move plans.
While some remortgage opportunities were available during the market freeze, options now made available to homeowners has resulted in a 51% spike in remortgage enquiries since 12th May with Buy To Let market also seeing an uplift of 52%.
Unbiased CEO, Karen Barrett said,
“It’s great to see the property market shifting into action as we see an increase in demand for mortgage advise from First Time Buyers and homeowners looking to remortgage. Although the lockdown presented challenges for the market especially with fewer lenders offering mortgage deals with deposits of 10% or lower, would-be-buyers are seeking guidance on all their options. This is especially true for areas with steep property prices, such as London, accounting for a large share of the mortgage adviser requests”.
Unbiased is the UK’s leading online marketplace connecting people with over 27,000 local financial advisers, mortgage brokers, solicitors and accounts nationwide.
We provides people with a cost effective way to source reliable financial advice and offer advisers ta highly effective marketing channel to build their business and reputation.
In the last year, Unbiased has seen 2 million visitors to its site each year with 100,000 enquiries posted yearly. To date, over 10 million customers have received advise with an assets managed value of over £14 billion and growing.
It is free for people to post an enquiry. Advisers pay a subscription fee, along with transactional revenues.
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