Even in this downturn it seems as though the British public still think the best place to go and seek out a good mortgage is through a whole-of-market mortgage adviser.

Today’s continually changing mortgage market, has led to an increased need for whole of market mortgage advice for borrowers. According to research by Unbiased.co.uk, a whole-of-market mortgage adviser website, almost one in four people state that today’s ‘mortgage maze’ means that they are less confident than 12 months ago in choosing a new mortgage deal without professional advice.

Mortgages like offset loans are complicated and need explanation. The only person who can do that is a qualified adviser who specialises in offset mortgages.

The website has seen a 1% rise in the number of searches for mortgage advisers during the second three months of 2009 compared to the first three months. While this looks like a small increase, the website says the number of searches rose by 133% when comparing the start of 2009 to the end of 2008.

Demand for whole-of-market specialist mortgage advice has remained at a very high level as people are faced with tighter lending conditions and are unsure about what are the best options for them. They need help with the small print, the details and the consequences of their mortgage choices. Essentially, Brits are worried about their home loans and they need someone who knows what they are talking about to hold their hand through the process.

With over one in four people stating they would never choose a new mortgage without advice, it is vital that consumers find the best mortgage advice to guide them through the maze.

David Elms, chief executive of Unbiased says: “In today’s fast-changing mortgage market the need to seek personal, expert advice based on everyone’s individual circumstances has become even more important. We are encouraged by the sustained increase in the number of people seeking whole of market mortgage advice to ensure they get the best mortgage deal for themselves.”

SOURCE: Unbiased.co.uk, 26/08/09

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