Home » First Time Buyers » Confidence returns for first-time buyers

Confidence returns for first-time buyers

Re-mortgage advice dropped slightly from 36% in July to 33% in August but continued to drive a high number of inquiries.

Personal retirement planning ranked top of all "find an IFA" searches in August, driving 38% of inquiries and remaining the most sought after area of advice. The report also found that demand for investment and savings advice remained high, accounting for 26% of searches.

Karen Barrett, Chief Executive of unbiased.co.uk, said: "Our latest figures reveal that inquiries for first-time buyer advice reached a new high in August, suggesting real momentum in the first-time buyer market and a real consumer drive for mortgage advice.

"This new market confidence has been fuelled by the continuing fall in house prices and mortgage rates since 2008.  We have also seen an increasing number of lenders return to the mortgage market offering increasingly attractive rates to buyers with a 10% or smaller deposit.  

"It’s great to see that these opportunities are encouraging consumers to seek whole of market mortgage advice. This is important as it ensures consumers have a complete overview of all the products on the market and are choosing the right product for their financial circumstances.

"Looking at the whole of the financial advice market, pensions and retirement planning continue to dominate the news agenda as people plan to work longer to fund their retirement.  A discussion with an independent financial adviser is a good way to ensure you are planning effectively for retirement."

Have your say on this story using the comment section below