First-time buyers need mortgage advice 'more than ever'
16-Jun-2008
The first few months of this year saw an increasing number of
first-time buyers turn to
mortgage advisers, it has been confirmed.
Representatives for the Association of Mortgage Intermediaries (AMI) suggested that the latest figures indicate how much consumers value professional
mortgage advice.
"During this difficult period consumers need advice more than ever," remarked Chris Cummings, director general of the organisation.
"In the first quarter of this year, over 80 per cent of
first-time buyers used an intermediary - a ten per cent increase on the previous year," he continued.
The re-mortgage markets also saw intermediary business up by ten per cent."
Peter Williams, the executive director of the Intermediary Mortgage Lenders Association, pointed out last month that mortgage advice services are an invaluable aid, particularly for
first-time buyers attempting to navigate a "bewildering" market place.
Media coverage of the credit crunch and ongoing economic uncertainty has a significant influence on many people's decision to seek advice, according to research by Alliance and Leicester.
FirstRungNow.com - how to buy a house, from finding your first flat or first house, first time buyer mortgages, shared ownership, buying with friends, gifted deposit, part buy part rent - all a first time buyer could possibly need.
Best mortgage deals found with independent advice More mortgage advice sought amid economic concerns
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