Borrowers 'increasingly' using intermediaries
www.moneynews.co.uk > Mortgages > Borrowers 'increasingly' using intermediaries
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Borrowers 'increasingly' using intermediaries
Fri 13th Jun 2008
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It states that over 80 per cent of first-time buyers used an intermediary in the first quarter of 2008, which is an increase of ten per cent on last year.
The organisation found that intermediary's advisory function is the main draw for borrowers, with eight out of ten choosing them for this reason and only two in ten opting for an intermediary for financial reasons.
Chris Cummings, director-general of AMI, stated: "Our members provide mortgage advice that is wholly focused on the individual consumer's needs."
"During this difficult period consumers need advice more than ever," he added.
A recent report from financial services research company NMG suggested that seeking independent mortgage advice rather than dealing with lenders directly could save borrowers up to £1,830 a year.
Related News : Mortgages |
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