Borrowers need for Independent Mortgage Advice increases in uncertain economic climate
Statistics show that since the beginning of the year there has been an increasing number of first-time buyers turn to Independent Mortgage Advisers to secure their mortgage.
With the credit crunch taking an even greater bite as the year progresses, inflation on the rise and oil and petrol prices going through the roof, many borrowers are finding it increasingly difficult to secure the borrowings they require.
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.
Hurleys Mortgage and Financial Solutions - At Hurleys Financial Solutions we offer completely free Independent Mortgage Advice along with , Secured and Unsecured Loans, Mortgage Protection, Life Insurance, Buildings Insurance and other General Insurances i.e. Accident and Sickness and Redundancy Cover.
For those setting up their own business we offer Commercial Mortgages, International Mortgages and for those who have smaller equity in their homes we offer options for borrow up to 100% of the value of your home.
By forming Hurleys Financial Solutions Jason has pulled together all his qualifications, expertise and extensive network of contacts in order to provide you with the most efficient, reliable and most suitable solution for you whatever your financial needs.
Hurleys Financial Solutions covers the whole market with a full advice, recommendation and placement service.
We will return any enquiries within the hour and can have an Independent Mortgage Adviser booked in to come and see you should you wish within two/three days.
Areas covered: Hertfordshire, Bedfordshire and Buckinghamshire counties. St Albans, Luton, Watford, Borehamwood, Harpenden, Hatfield, Radlett, Kings Langley, Stevenage, Welwyn Garden City.
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Areas we cover:
Hertfordshire, Bedfordshire and Buckinghamshire counties. St Albans, Luton, Watford, Borehamwood, Harpenden, Hatfield, Radlett, Kings Langley, Stevenage, Welwyn Garden City