Source Insurance cover the opportunities for advisers as we move towards the second quarter
This article was produced in partnership with Source Insurance
As we move into spring, the property market is showing signs of steady recovery. Mortgage approvals have been strong in the first quarter for the past two years, and Zoopla is predicting a 2.5% rise in UK house prices in 2025. The average home is now priced at £267,200, and with mortgage rates stabilising between 4% and 5%, buyers and advisers are finally seeing some much-needed predictability.
This is the perfect time for you, as a mortgage adviser, to engage with buyers. But how do you stand out in such a competitive market?
Unlocking opportunities in an evolving market
We’re seeing a market that’s both challenging and full of opportunity. The key to success? It’s all about striking the right balance – helping clients secure affordability while offering real value.
The demand is there, whether for first-time buyers, home movers, or those remortgaging. The advisers who will thrive in this environment are the ones who educate their clients, anticipate changes, and offer the right financial products to guide them. Build trust now, and you’ll create long-term relationships.
Private rentals: Is it time to shift to homeownership?
Rental prices have jumped by 8.7% over the last year (according to ONS), and with limited rental properties available, more renters are feeling the squeeze. Some landlords are exiting the market due to rising costs, making it a great opportunity for you to talk to renters about homeownership. Could now be the time to help them take the leap?
The adviser’s edge: Be the trusted expert
This market gives mortgage advisers a chance to step up and become trusted experts for your clients. With strong mortgage approvals continuing through Q1 and Q2, you have a window of opportunity to guide your clients through the challenges of a competitive market.
First-time buyers are particularly keen to work with experienced advisers who can help them navigate the mortgage maze. But don’t just stop at getting the deal done – think about how you can offer a more complete service, like adding home insurance to protect their new home.
Strengthen your service with holistic protection
Whether home insurance, life cover, or general insurance, there are plenty of ways to enhance your service. You don’t need to change your core business to make this work – simply integrate these products into your advisory process, and you’ll be providing your clients with a comprehensive financial solution.
Tools like The Source and Source Go make it easy for you to add ancillary services like home insurance without complicating your workflow.
So, what’s holding you back? Now’s the time to expand your offering and make the most of the opportunities available. Get started with GI today – find the right system for your business and watch your potential grow > www.thesource.co.uk.
