More people looking for advice on home loans

27 July 2010

24% more consumers sought advice on home loans in the first half of this year than in the same period a year earlier, according to figures from Unbiased.co.uk.

The financial advice website says that `green shoots of recovery have set a firm foothold within the mortgage market`, despite continued worries about the economy amongst consumers.

Unbiased.co.uk said it had over 45,000 enquiries for mortgage advice in the first half of this year, compared with just over 36,000 in the first half of 2009.

Karen Barrett, Chief Executive at Unbiased.co.uk, said: "The mortgage market has undoubtedly had a tough couple of years. […] Over the last six to twelve months, however, there has been more and more good news about the mortgage market.

"We have seen providers re-enter the higher loan to value market, more competitive deals to new and existing borrowers are re-appearing and new providers are entering the market."

Tags: home loans, loans, unbiased, recovery, mortgage

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