user.first_name
Menu

Mortgage News

First-time buyer enquiries reach peak in September

Mortgage Solutions
Written By:
Posted:
October 22, 2009
Updated:
October 22, 2009

New figures from Unbiased.co.uk has revealed that first-time buyer enquiries reached an all time high with over half (51%) searching in September, making it the top most searched for advice criteria.

The second most searched for criteria was re-mortgage advice. With over a third (34%) of people selecting re-mortgage advice when looking for a whole of market mortgage adviser in September, this search criteria has increased from 29% in August.  Buy-to-let mortgages have also reached an all time high, with 17% of all enquiries now seeking advice in this area in September. 

Karen Barrett, chief executive of Unbiased.co.uk, said the figures suggested that many first-time-buyers had been waiting to step onto the property ladder and now had regained interest.

“It appears many have been biding their time but now feel they are in a position to investigate what’s on the market and take the first steps by seeing a whole of market mortgage adviser to advise them on their mortgage options.”

“In light of the recent FSA proposals on a review of the mortgage market, there could be a future dip in enquiries from first-time-buyers as, with increased regulation, mortgage lending criteria could become even stricter.”