While the requests from those seeking whole of market re-mortgage advice still remains in second place behind first-time buyer enquiries, they have significantly increased by 5% since May 2009.
Requests from first time buyers for whole of market mortgage advice have remained the top most searched for advice criteria in June, with 41% of all consumer requests on Unbiased.co.uk's ‘Find a mortgage adviser search', relating to first-time buyer queries, a small drop from 44% seen in May 2009.
The third most popular search was for whole of market mortgage advice on the residential property market with nearly a quarter (24%) of searches specifying this option.
David Elms, chief executive of Unbiased.co.uk, commented: "These latest figures suggest a stirring amongst those thinking about re-mortgaging, after the previous two months drop in re-mortgage enquiries. More of those looking to re-mortgage are now seeking a whole of market mortgage adviser who can give whole of market advice and start to unravel the confusion of the current mortgage market.
"It is also clear from these new figures that first time buyers remain baffled with the mortgage maze, and are continuing to seek whole of market advice to get guidance and help on the right mortgage decision for them. With some mixed news on whether there are signs of recovery in the property market, as well as mortgage options and deals still changing at a fast pace, it is not surprising that those looking to enter the market are seeking advice. Only whole of market mortgage advisers can give you advice and recommend solutions and products from across the range of mortgage providers."
The top ten Mortgage Advice Drivers in the June 2009 were as follows:
Requests for a whole of market mortgage adviser % of total
1 First time 41%
2 Re-mortgage 33%
3 Residential 24%
4 Buy-to-let 12%
5 Self-Employed 8%
6 High loan to value 6%
7 Equity release 6%
8 Flexible 3%
9 Sub-prime 3%
10 Right to buy 2%
TOTAL (All drivers) 5940
The report is compiled on a monthly basis from comprehensive data collected as a result of individual consumer selections made when requesting details of a local mortgage adviser through Unbiased.co.uk.
