3 Aug

More people 'seeking mortgage advice'

More people 'seeking mortgage advice'

More homebuyers are seeking advice from mortgage brokers when considering purchasing houses for sale in the UK.

According to a recent survey from Paragon Mortgages' Financial Adviser Confidence Track (FACT) survey, financial advisers predict that there will be a 7.2 per cent quarter-on-quarter rise in the mortgage industry during the third quarter of 2010.

FACT also revealed that this is the sixth consecutive month that brokers have anticipated an increase in business levels.

Recent figures showed that 24 per cent of brokers expected to handle ten per cent more mortgage enquiries in the third quarter compared with the second.

Paragon Mortgages' managing director John Heron said: "Mortgage brokers appear to be confident about the short-term future of the mortgage market, which is a positive sign as they are the ones on the ground talking to borrowers."

Alexander Hall's Andy Pratt recently told homebuyers to seek advice from brokers as the lending market is "more complicated" than it used to be.ADNFCR-1222-ID-800011426-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.